Bob Herz’s current activities include serving on the boards of directors and various board committees of Fannie Mae, Morgan Stanley, Workiva Inc. , itBit Trust Company, and the Sustainability Accounting Standards Board, on the advisory boards of AccountAbility and the Manchester Business School in England, and as a member of the Audit Committee Chair Advisory Council of the National Association of Corporate Directors.
He is also an executive in residence and member of the faculty of the Columbia Business School and serves on the Standing Advisory Group of the U.S. Public Company Accounting Oversight Board, the Financial Reporting Faculty Advisory Group of the Institute of Chartered Accountants in England and Wales, and the Accounting Standards Oversight Council of Canada. Bob Herz also provides consulting services on financial reporting and other matters through Robert H. Herz LLC, of which he is President.
Previously, Bob Herz was Chairman of the Financial Accounting Standards Board (FASB) from 2002 to 2010. He was also one of the original members of the International Accounting Standards Board. He was a partner with PricewaterhouseCoopers for many years, including serving as audit partner on numerous major companies, as head of the firm’s Corporate Finance Advisory Services, as senior technical partner, as member of the firm’s U.S. and Global Boards, and as President of the Coopers & Lybrand and PricewaterhouseCoopers foundations. He has chaired a number of professional committees, including the IFAC Transnational Auditors Committee and the AICPA SEC Regulations Committee, has served on numerous public policy commissions, and testified many times at Congressional hearings. He was also previously a Trustee and Vice Chair of the Kessler Foundation. He is a member of the Accounting Hall of Fame.