The American Institute of CPAs has appointed Deloitte partner Richard Paul as chairman of its Financial Reporting Executive Committee to succeed Jay Hanson, who was recently tapped to join the Public Company Accounting Oversight Board.
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,” Paul said in a statement. He will be joining the committee at its meeting in March.
“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 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 FASB and Emerging Issues Task Force meetings.
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