Archive for May 2nd, 2012

Professor Daniel Jensen, Chairman of the Accounting Hall of Fame Committee, has sent the following public announcement.

Robert H. Herz Elected to The Accounting Hall of Fame

Columbus, OH – Robert H. Herz, former chairman of the Financial Accounting Standards Board, has been elected to The Accounting Hall of Fame. Honorees are selected annually by the Accounting Hall of Fame’s international board of electors. Eighty-nine influential and respected accountants from academe, accounting practice, government and business have been elected to the Accounting Hall of Fame since its establishment in 1950 at The Ohio State University’s Fisher College of Business.

Mr. Herz served two terms as Chair of the Financial Accounting Standards Board from 2002 to 2010. Prior to joining the FASB, he was a senior partner with PricewaterhouseCoopers, serving as North American Theater Leader of Professional, Technical, Risk & Quality and a member of the firm’s Global and U.S. Boards. He also served as a part-time member of the International Accounting Standards Board. Mr. Herz joined Price Waterhouse in 1974 upon graduation from the University of Manchester (UK). He has authored numerous publications on a variety of accounting, auditing and business subjects, including the book, The Value Reporting Revolution: Moving Beyond the Earnings Game.

I asked Bob Herz about his personal response to the news.  He said,

My immediate reaction was ‘Wow, this is quite an honor.’  I know and greatly respect many of the living members of the Accounting Hall of Fame and, as a student of accounting history, I have read about many of the past members of the Hall who helped shape our profession and accounting and auditing theory and practice. It also reminded me of how lucky I have been in my choice of profession and in the many wonderful colleagues I have had throughout my career.

It is quite an honor, indeed.  Congratulations.  You deserve it.

Debit and credit – – David Albrecht

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