Scott A. Taub is a Managing Director of Financial Reporting Advisors, LLC (FRA).Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting.FRA specializes in applying generally accepted accounting principles to complex business transactions, offering clients an unbiased assessment of the accounting literature as applied to their situation. Mr. Taub has been a member of many professional committees including the FASB’s Valuation Resource Group, the IFRS Interpretations Committee (IFRIC) and the FASB/IASB Joint Transition Resource Group for Revenue Recognition.
Mr. Taub spent 6 ½ years as a Professional Accounting Fellow, Deputy Chief Accountant, and Acting Chief Accountant at the Securities and Exchange Commission (SEC).He played a key role in the implementation of the Sarbanes-Oxley Act, and was responsible for the day-to-day operations of the Office of the Chief Accountant, including resolution of accounting and auditing practice issues, rulemaking, oversight of private sector standard-setting efforts, and regulation of auditors.Mr. Taub represented the SEC before accounting standard-setters, the US Congress, and many other bodies.He also chaired the accounting committee of the International Organization of Securities Commissions (IOSCO).
Mr. Taub also spent 3 years in Arthur Andersen’s Professional Standards Group, consulting with clients and developing interpretive guidance for Andersen on a wide variety of accounting and reporting issues. He spent the first seven years of his career in the audit practice in the firm’s Detroit office serving publicly held and privately owned companies in a variety of industries.
Mr. Taub is the author of CCH’s Revenue Recognition Guide, a 600-page comprehensive guide to accounting for revenue recognition, and a co-author of CCH’s Financial Instruments guide. He was the primary author of several SEC reports and publications, including several reports to Congress, and wrote a periodic column for Compliance Week on financial reporting developments for nine years.
Mr. Taub attended the University of Michigan in Ann Arbor, where he received an undergraduate degree in economics in 1990.
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