Robert Herz

Biography

Robert H. Herz was Chairman of the Financial Accounting Standards Board (FASB), from 2002-2010. Previously, he was a senior partner with PricewaterhouseCoopers and North America Theater Leader of Professional, Technical, Risk & Quality and a member of the firm’s Global and U.S. Boards, President of the PricewaterhouseCoopers Foundation, and a part-time member of the International Accounting Standards Board. Mr. Herz is a member of the Accounting Hall of Fame and is both a U.S. Certified Public Accountant and a U.K. Chartered Accountant. During his career, Mr. Herz headed Coopers & Lybrand’s Corporate Finance Advisory Services and served as audit partner on numerous major clients including AT&T, Dun & Bradstreet, Goldman Sachs, Shearson Lehman Bros, and Volvo. He has chaired various professional committees and served on numerous task forces, public policy commissions and governmental advisory groups concerning key issues confronting financial reporting and the accounting profession both domestically and internationally. Bob is currently a member of the boards of directors of Fannie Mae, Morgan Stanley, Workiva, Paxos, and the Sustainability Accounting Standards Board Foundation; a member of the Standing Advisory Group of the Public Company Accounting Oversight Board; a member of the Independent Investment Committee of UNOPS; and a member of the advisory boards of AccountAbility and the Manchester Business School in England. He was formerly a trustee and vice chair of the Kessler Foundation and a former member of the Accounting Standards Oversight Council of Canada. Mr. Herz is a graduate of the University of Manchester in England with a B.A. first class honors degree in economics, graduating at the top of his class. Areas of interest: financial reporting, sustainability reporting, financial analysis, corporate finance, financial services regulation.

Research

Chapters

Accounting’s Role in the Reporting, Creation, and Avoidance of Systemic Risk in Financial Institutions In The Handbook of Systemic Risk (2013)
Coauthor(s): Trevor Harris, Robert Herz, Doron Nissim

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