NEW YORK, Feb. 24, 2011 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants has named Richard Paul chairman of the Financial Reporting Executive Committee.
Paul, 37, is a partner in Deloitte & Touche LLP's accounting standards and communications group at its Wilton, Conn. office. As chairman, he will head one of the Institute's most important volunteer bodies. It serves as the AICPA's official voice on financial reporting matters and develops industry-specific accounting guidance. The committee's membership includes representation from business and industry, public practice, academia and the user community.
"I'm honored to take on this key role and look forward to working with my colleagues on FinREC," said Paul.
"Rich brings valuable expertise to FinREC," said Dan Noll, AICPA director of Accounting Standards. "His expertise includes accounting for income taxes and revenue recognition and he is responsible for monitoring the activities of accounting standards setters. FinREC will benefit from his wealth of knowledge and leadership."
Paul had served a two year assignment with the Financial Accounting Standards Board as a Practice Fellow. This entailed making recommendations to the Board on technical issues, developing and drafting Statements and other FASB guidance, analyzing comments from constituents, and leading discussions at meetings of the FASB and Emerging Issues Task Force.
He succeeds Jay Hanson at the committee's March meeting. Hanson recently was appointed to the Public Company Accounting Oversight Board.
Paul graduated from Baruch College with a Bachelor of Arts in Accounting.
In addition to Paul, the following people serve on FinREC.
- David Alexander, managing director and global controller of the chief investment office and treasury businesses at JP Morgan Chase, New York
- Robert Axel, deputy controller, Prudential Financial, Newark, N.J.
- Kimber Bascom, partner, department of professional practice, KPMG, LLP, New York
- Adam Brown, partner, national accounting department, BDO, Dallas
- James Dolinar, partner in charge of accounting of the assurance professional practice, Crowe Horwath LLP, Oakbrook, Ill.
- Lawrence Gray, partner, co-leader of the professional practice group, EisnerAmper LLP Edison, N.J.
- Bruce Johnson, Ph.D., Sidney G. Winter professor of accounting at the Tippie College of Business Administration, University of Iowa, Iowa City
- Mary Kane, director of financial compliance, Johnson & Johnson, New Brunswick, N.J.
- Jack Markey, director of technical accounting research & tax accounting, Quest Diagnostics, Madison, N.J.
- Joseph McGrath, partner, department of professional practice, Ernst & Young LLP, Washington, D.C.
- Rebecca Mihalko, director, financial reporting, CBS Corporation, New York
- Angela Newell, controller and vice president of revenue assurance, Clearwire Corporation, Kirkland, Wash.
- Jonathan Nus, senior director at Standard and Poor's Rating Service, New York
- Bradley Sparks, CFO and treasurer, Laredo Oil Inc., Austin
- Terry Spidell, controller, VeriSign Inc., Mountainview, Calif.
- Dan Zwarn, partner, accounting consulting services, PriceWaterhouseCoopers, LLP, Florham Park, N.J.
The American Institute of Certified Public Accountants (www.aicpa.org) is the world's largest association representing the accounting profession, with nearly 370,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.
The AICPA maintains offices in New York, Washington, DC, Durham, N.C., Ewing, N.J. and Lewisville, Texas. Media representatives are invited to visit the AICPA Press Center at www.aicpa.org/press.
SOURCE American Institute of Certified Public Accountants