Appointed: July 2010
Extended term expires: 31 December 2012
Prior to joining the Board on 1 July 2010, Mr Pacter held two concurrent positions:
- Director of Standards for Small and Medium-sized Entities (SMEs) at the International Accounting Standards Board in London.
- Director in the Global IFRS Office of Deloitte Touche Tohmatsu in Hong Kong.
The goal of his IASB work was to help develop accounting standards that reduce the financial reporting burden on SMEs.
His responsibilities at Deloitte included responding to client technical questions and projects, writing an IFRS newsletter and IFRS publications, and managing the website www.iasplus.com.
From 1996 to 2000 he was International Accounting Fellow at the International Accounting Standards Committee, London. In that capacity, he managed a number of IASC’s agenda projects, including financial instruments recognition and measurement (IAS 39), interim financial reporting, segment reporting, discontinued operations, extractive industries, agriculture, and business reporting on the Internet.
Paul was affiliated with the US Financial Accounting Standards Board from its inception in 1973, for eleven years on a full-time basis (Deputy Director of Research and Executive Director of the Financial Accounting Foundation) and for six years in a consulting capacity. Before joining the FASB in 1973, Paul was Research Manager with an international public accounting firm that is now part of KPMG. From 1984 to 1990 he was Commissioner of Finance of the City of Stamford, Connecticut. He also was Professor of Accounting at the University of Connecticut's Evening MBA Program.
Paul Pacter graduated magna cum laude from Syracuse University and received his PhD from Michigan State University in 1967. He is a Certified Public Accountant (inactive). He won the Distinguished Graduate Teaching Award at the University of Connecticut.
Paul was Vice Chairman of the Advisory Council to the US Governmental Accounting Standards Board (1984−1989) and a member of GASB’s pensions task force. He also has served on the FASB task force on consolidations, as Consulting Editor of The Journal of Accountancy, and on the editorial advisory boards of Corporate Accounting, The Accounting Review, Research in Accounting Regulation and The CPA Journal.
His civic activities include serving as Chairman of the Stamford Commission on Human Rights, member of the City of Stamford Charter Revision Commission, Director of the Stamford Coliseum Authority, and member of the boards of the United Way of Stamford, Stamford Center for the Arts, Stamford Theatre Works, Stamford Foundation, Stamford Community Fund, Housing Development Fund of Fairfield County, North Stamford Democratic Club (President), and North Stamford Association (Treasurer). He also served on the Connecticut Vacation Travel Council and as treasurer of the Connecticut Tourism Association.