About the Founding Director
Leslie F. Seidman is the Founding Director of the Center for Excellence in Financial Reporting at the Lubin School of Business. Ms. Seidman is also a Director of Moody's Corporation, where she serves as Chairman of the Audit Committee and a member of the Governance & Compensation committee. She is a Public Governor of the Financial Industry Regulatory Authority (FINRA), where she serves on the Audit and Regulatory Policy committees. 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 the recipient of the 2015 Distinguished Service Award from the Institute of Management Accountants, for launching the innovative Pace-IMA Women's 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 14th edition from CCH). She is member of the CPA Journal Advisory Board and a frequent speaker at conferences and universities.
Ms. Seidman is a member of the Staples Tuition Grants board, which provides local need-based funding for higher education. The Seidmans are a host family for A Better Chance of Westport, CT, which provides enhanced educational opportunities for young men of color.
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 currently serves on the national board, 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 and the Women Corporate Directors Foundation.