H. David Sherman Named Academic Accounting Fellow for SEC Division of Corporation Finance

FOR IMMEDIATE RELEASE
2004-115

Washington, D.C., Aug. 20, 2004 -- The Securities and Exchange Commission's Division of Corporation Finance today announced the selection of H. David Sherman as the academic accounting fellow for a one-year term beginning August 2004. An associate professor at Northeastern University in Boston, he teaches accounting and control courses in executive and high technology MBA programs and graduate and undergraduate business programs. He is also an adjunct associate professor at Tufts Medical School and co-director of the MD-MBA program. He was previously on the faculty of MIT Sloan School of Management and has been a visiting faculty at the INSEAD Business School in Fontainebleau, France.

Dr. Sherman earned an AB in Economics from Brandeis University and MBA and DBA degrees from Harvard Business School. He is a Certified Public Accountant, has served as director and CFO of several businesses, and has consulted on financial performance issues with major corporations. His research interests include financial reporting, performance measurement and management, and financial literacy issues facing corporate managers and boards of directors in global businesses. His publications have appeared in the Harvard Business Review, Sloan Management Review, Accounting Review, Auditing: A Journal of Practice and Theory, Journal of Banking and Finance, Journal of Bank Cost and Management Accounting, American Banker, Management Accounting, Medical Care, and the Annals of Operations Research, among others. He has written several monographs and is a co-author of the book, Profits You Can Trust: Spotting and Surviving Accounting Landmines, which provides a framework to enhance financial literacy of users of shareholder reports.

While at the Commission, the academic accounting fellow addresses issues involving difficult and unusual accounting, auditing, and financial reporting questions; reviews filings by public companies to identify significant accounting and disclosure problems; and participates in research projects pertaining to current financial reporting issues. Dr. Sherman replaces the outgoing academic accounting fellow, Mary Brady Greenawalt.