About the Director

[Leslie F. Seidman]
Photo by Rob Horne
 
Leslie F. Seidman is the Executive Director of the Center for Excellence in Financial Reporting at the Lubin School of Business at Pace University. Ms. Seidman is also a Director of Moody's Corporation, where she serves on the Audit and Governance & Compensation committees and a Public Governor of the Financial Industry Regulatory Authority (FINRA). She is the immediate past Chairman of the Financial Accounting Standards Board (FASB), where she also served as a member of the Board from 2003-2013. During her tenure, the FASB issued standards and proposals on complex topics such as accounting for stock compensation, business combinations, disclosure effectiveness, off-balance sheet financing, fair value, revenue recognition, leasing, insurance, and financial instruments.

As FASB Chairman, Ms. Seidman collaborated with the Securities and Exchange Commission, the PCAOB, and other regulators to improve financial reporting in the U.S. capital markets. She helped launch the FASB's Private Company Council, to address concerns about the cost and complexity of accounting for small businesses. Ms. Seidman guided the FASB's joint agenda with the International Accounting Standards Board to converge U.S. and international financial reporting standards.

Previously, Ms. Seidman was an auditor with Arthur Young & Co., a Vice President of Accounting Policy with J.P. Morgan & Co., and a member of the FASB staff, serving first as an Industry Fellow, and later as the Assistant Director of Technical Activities. Immediately prior to joining the FASB, Ms. Seidman founded and managed a financial reporting consulting firm, serving corporations, accounting firms, and law firms.

A recognized expert in accounting, Ms. Seidman was the recipient of the 2015 Distinguished Service Award from the Institute of Management Accountants, for launching the innovative Womens Accounting Leadership program. She was named CPA of the Year by the American Woman's Society of CPAs (2013), ranked among the Top 10 Most Influential People in Accounting by Accounting Today from 2010 to 2012, and was named to the NACD Directorship 100 for Governance in 2011. Ms. Seidman authored the first three editions of Financial Instruments: A Comprehensive Guide to Accounting and Reporting (currently in its 13th edition from CCH). She is member of the CPA Journal Advisory Board and a frequent speaker at conferences and universities.

Ms. Seidman, a CPA (inactive), earned an M.S. degree in accounting from New York University Stern School of Business and a B.A. degree in English from Colgate University.

Ms. Seidman is a member of Financial Executives International, where she is currently a member of the Board of Directors. She is also a member of the Institute of Management Accountants and the National Association of Corporate Directors.

Ms. Seidman is a member of the Staples Tuition Grants board, which provides local need-based funding for higher education. The Seidmans and are a host family for A Better Chance of Westport, CT, which provides enhanced educational opportunities for young men of color.