Scott A. Taub joined Financial Reporting Advisors, LLC (FRA) as a Managing Director in 2007. Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting and litigation support services.
From September 2002 through January 2007, Mr. Taub was a senior official at the Securities and Exchange Commission (SEC). As a Deputy Chief Accountant, he played a key role in the SECís implementation of the accounting reforms under the landmark 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 in many venues, including the FASB and IASB’s advisory committees, and in front of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. He also served as the SEC Observer to the FASB’s Emerging Issues Task Force (EITF) and as Chair of the Accounting and Disclosure committee of the International Organization of Securities Commissions (IOSCO). He twice served as Acting Chief Accountant for a total of 14 months. Mr. Taub also was a member of the SEC staff between 1999 and 2001 as a Professional Accounting Fellow in the Office of the Chief Accountant.
Prior to September 2002, Mr. Taub was a partner in Arthur Andersen's Professional
Standards Group (PSG). The role of the PSG within Andersen was to consult
on complex financial reporting matters; establish and disseminate Andersen’s
policies regarding financial reporting matters; and represent the firm before
various standards setters including the FAB, SEC, AICPA, and IASB. Mr. Taub
consulted and authored interpretive guidance for Andersen on a wide variety
of accounting and reporting issues, including revenue recognition, business
combinations, compensation arrangements, intangible assets, and investment
accounting. Prior to joining the PSG, he was member of the audit practice
in the firm’s Detroit office serving publicly held and privately owned
companies in a variety of industries.