Council Member Profile: Mr. Robert H. Herz
Prior to joining the FASB, Mr. Herz was PricewaterhouseCoopers North America 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 is both a U.S. Certified Public Accountant and a U.K. Chartered Accountant.
Mr. Herz joined Price Waterhouse in 1974 upon graduating from the University of Manchester in England with a B.A. degree in economics. He later joined Coopers & Lybrand, becoming its senior technical partner in 1996 and assumed a similar position with the merged firm of PricewaterhouseCoopers in 1998.
During his distinguished career, Mr. Herz has authored numerous publications on a variety of accounting, auditing, and business subjects. Included among those contributions is the book, The Value Reporting Revolution: Moving Beyond the Earnings Game, which he co-authored.
Among Mr. Herz’s other activities, he chaired the AICPA SEC Regulations Committee and the Transnational Auditors Committee of the International Federation of Accountants, and served as a member of the Emerging Issues Task Force, the FASB Financial Instruments Task Force, the American Accounting Association’s Financial Accounting Standards Committee, the SEC Practice Section Executive Committee of the AICPA, and the International Capital Markets Advisory Committee of the New York Stock Exchange.
Mr. Herz is currently President of Robert H. Herz LLC, which provides consulting services on financial reporting and other matters. He is an executive in residence at the Columbia Business School and a member of the boards of directors of Fannie Mae and Morgan Stanley and the advisory boards of WebFilings LLC and the Manchester Business School in England. He is also a trustee of the Kessler Foundation and serves on the Standing Advisory Group of the Public Company Accounting Oversight Board and the Accounting Standards Oversight Council of Canada.