Pasadena, CA (October 18, 2023) — The American Institute of CPAs (AICPA®) is pleased to announce that Robert H. Herz, CPA, CGMA, FCA, is the recipient of the 2023 AICPA Gold Medal Award of Distinction.
The Gold Medal is the highest honor granted by the AICPA. Since 1944, it has been bestowed upon CPAs whose influence on the accounting profession has been especially notable. Tracey Golden, Past Chair, AICPA and the Association of International Certified Professional Accountants, presented Herz with the award at the fall meeting of the AICPA governing Council.
“Robert Herz has had invaluable impact on the growth and success of the accounting profession throughout his distinguished career,” Golden said. “Robert is a dedicated and passionate volunteer. His foresight and leadership have created significant positive changes in the CPA practice environment, always in support of the public interest and the profession. It is thanks to people like Robert that our profession can continue to be seen as one of truth and integrity.”
As a leader on the forefront of financial reporting during a challenging period for the accounting and finance profession, Mr. Herz has demonstrated exemplary leadership and held key positions that have shaped the accounting landscape. From 2002 to 2010, as Chair of the Financial Accounting Standards Board (FASB), he played a pivotal role in improving financial reporting standards and enhancing the transparency and reliability of financial information.
During his career, Herz served as a senior partner with PricewaterhouseCoopers (PwC), where he led various initiatives and held senior roles, providing valuable guidance to clients and colleagues.
Herz played an important role in the creation of the Value Reporting Foundation, which brought together the Sustainability Accounting Standards Board (SASB) Foundation, where he served from 2011 to 2017, and the International Integrated Reporting Council (IIRC). The SASB aims to drive enhanced corporate reporting, facilitate better decision-making, increase investor confidence, address global challenges, and contribute to the development of standardized and regulated sustainability reporting practices.
Currently Herz provides consulting services on financial reporting and other matters through his firm, Robert H. Herz LLC, where he serves as president.
About AICPA & CIMA, together as the Association of International Certified Professional Accountants
AICPA® & CIMA®, together as the Association of International Certified Professional Accountants (the Association), advance the global accounting and finance profession through our work on behalf of 698,000 AICPA and CIMA members, candidates and engaged professionals in 188 countries and territories. Together, we are the worldwide leader on public and management accounting issues through advocacy, support for the CPA license, the CGMA designation and specialized credentials, professional education, and thought leadership. We build trust by empowering our members and engaged professionals with the knowledge and opportunities to be leaders in broadening prosperity for a more inclusive, sustainable, and resilient future.