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, Governance & Compensation and MIS (Moody's Investors Service) 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. Ms. Seidman represented the U.S. in the International Forum of Accounting Standard Setters and was an Observer to the International Integrated Reporting Council.

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 named CPA of the year by the American Woman's Society of CPAs (2013). She also was 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 11th edition from CCH). She is a 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 the AICPA, the American Woman's Society of CPAs, Financial Executives International, the International Women's Forum, and the Institute of Management Accountants, where she formerly served on the Financial Reporting Committee. She is also a member of the National Association of Corporate Directors.