Journal Entries

This recurring website feature highlights articles from The GASB Report, the GASB’s monthly newsletter. The current article appears in the June 2010 issue.



William W. Holder Retires from GASB

On June 30, William W. Holder retired from the GASB upon completing his second five-year term. Dr. Holder joined the GASB on July 1, 2000 and served the maximum 10 years allowed as a Board member.

Regarding Dr. Holder’s retirement, John J. Brennan, chairman of the Financial Accounting Foundation, commented “Over the past 10 years, Bill Holder has been a tremendous asset to the GASB. His insights and expertise were critically important to the Board during its deliberations of many historic financial reporting challenges facing state and local governments. He will be missed by all of us who have had the privilege of working with him.”

Robert H. Attmore, chairman of the GASB, added, “Bill’s time on the GASB was marked by significant strides forward in governmental accounting and financial reporting that came as the result of standards the Board issued during his tenure. The role he played in seeing those substantial improvements through to fruition cannot be overstated. My GASB colleagues and I are grateful to Bill for both his outstanding service and his friendship.”

Dr. Holder is the Ernst & Young Professor of Accounting at the University of Southern California. He has served as a member of the American Institute of Certified Public Accountants’ (AICPA) Board of Directors and Council and its State and Local Government Committee. Dr. Holder also served as chair of the American Accounting Association’s Public Sector Section. He has a bachelor’s degree from Oklahoma State University and master’s and doctoral degrees from the University of Oklahoma. He is a CPA and has published extensively in the area of governmental financial reporting. In 2006, he received the AICPA’s Gold Medal for Distinguished Service, the highest award granted by the AICPA.