(August 8 – 10:35 ET) – The Securities and Exchange Commission is appointing a Canadian professor as its Academic Accounting Fellow.
The SEC’s Division of Corporate Finance has picked professor Daniel Thornton of Queen’s University School of Business to serve a one-year term starting in August. As the SEC’s accounting fellow, Thornton will be a research resource for SEC staff, and is assigned to ongoing projects including rulemaking, liaison with the professional accounting standards-setting bodies and consultation with registrants on accounting and reporting matters. Thornton will replace the current academic accounting fellow, professor Patricia Fairfield of Georgetown University.
Thornton has been teaching at Queen’s since 1993, and he is also a voting member of Canada’s Accounting Standards Board and associate editor of The Accounting Review and Contemporary Accounting Research. Before Queen’s Thornton was a professor at the University of Toronto, and he has held visiting appointments at University of British Columbia, Hong Kong Polytechnic University, Concordia University and Osgoode Hall Law School. He holds a Ph.D. from York University, and a B.Sc. and an M.B.A. from the University of Western Ontario.
Thornton is a Fellow of the Institutes of Chartered Accountants in each of Ontario and Alberta. He has been president of the Canadian Academic Accounting Association, he has been feted by the CAAA for his Distinguished Contribution to Accounting Thought and Outstanding Educator. He has also appeared as an expert witness for the Department of Justice in tax cases involving derivatives accounting, tax arbitrage and income determination. His current research includes market risk disclosures and accounting for derivatives and contingent liabilities.
-IE Staff