For FASB's Herz: 'the ultimate destination--a single set of common standards'.
Financial Executive › Vol. 23 Nbr. 6, July 2007
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Financial reporting - Interview
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For FASB's Herz: 'the ultimate destination--a single set of common standards'.
As noted in an article for this column in 2002 introducing then-new Financial Accounting Standards Board Chairman Robert H. Herz, he was "beginning this high-visibility post at a turbulent time for accounting standard-setting." That was just after Enron's collapse, and prior to the Sarbanes-Oxley Act of 2002.
Fast-forward five years, and although we're past the accounting scandals that rocked the business world and investor confidence, many other issues have converged that keep the climate turbulent and the stakes perhaps even higher. As he begins his second term, Herz again spoke with Financial Executive Executive Editor Ellen M. Heffes about then, now and, importantly, the future for three areas of concern to FEI members: competitiveness...See the full content of this document
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