Harold “Hal” Schroeder is an expert in financial accounting and reporting. In a career spanning more than four decades, Mr. Schroeder has held senior roles as an accounting standard setter, institutional investor, equity analyst, and auditor.
Mr. Schroeder was appointed to serve as one of the seven-member FASB, which develops generally accepted accounting principles (GAAP) in the United States. During his ten-year tenure, the FASB issued over 200 standards, including several that significantly changed accounting for recognizing revenue, leases, and credit losses (referred to as CECL). Prior to the FASB appointment, Mr. Schroeder was a partner at Carlson Capital, a Dallas-based alternative asset manager, where he focused on the financial services industry, including both public and private companies. He also was a senior equity analyst at investment banks Schroder & Co. Inc. (acquired by Citigroup) and KBW Inc. (acquired by Stifel), researching large-, mid-, and small-cap regional banks. Mr. Schroeder also organized and served as chief financial officer (CFO) of Nafinsa Holdings Inc., a New York–based securities firm owned by Nacional Financiera SNC, the Mexican government’s primary development bank.
Throughout his career, Mr. Schroeder has also served in advisory capacities as a member of the FASB’s Emerging Issues Task Force and the PCAOB’s Standing Advisory Group and Investor Advisory Group. The PCAOB groups provide members and staff with investors’ perspectives on the PCAOB’s regulatory agenda and activities.
Earlier in his career, Mr. Schroeder spent thirteen years at Ernst & Young (EY), where he held various leadership positions within the firm. As a partner in EY’s New York Financial Services Office, he led high-profile engagements involving accounting, auditing, regulatory matters, capital planning, and the business implications of risk-based capital. He was also involved in the development of EY’s worldwide audit guidance related to audits of financial services companies.
Mr. Schroeder is currently an adjunct professor of accounting at New York University’s Stern School of Business, teaching financial accounting and reporting to graduate students. He previously taught accounting courses at the University of Connecticut, Western Connecticut State University, and Rutgers Business School. At Rutgers, he served as a Distinguished Executive-in-Residence in the Accounting and Information Systems Department.