Clement Selected for FAF Board of Trustees
The parent organization of accounting’s standard-setting bodies appoints McCombs faculty member to prestigious role.
Texas McCombs Professor of Accounting Michael B. Clement has been named to the Financial Accounting Foundation’s Board of Trustees.
The honor puts Clement among 14–18 preeminent accountants, state and local government officials, academics, and regulators who appoint members to the nation’s two standard-setting bodies — the Financial Accounting Standards Board and the Governmental Accounting Standards Board. Clement’s term begins in January and runs through December 2028.
McCombs Dean Lillian Mills, herself an accounting researcher, said she was “thrilled” to learn of her colleague’s new distinction. “This honor caps a lifetime of future-focused scholarship, student-centered teaching, and service to the academy and accounting profession,” she wrote on LinkedIn.
Clement served four years — from Fall 2018 to Spring 2022 — as chair of Texas McCombs’ Department of Accounting, whose undergraduate and graduate programs have held at No. 1 for 18 and 17 consecutive years, respectively, in U.S. News & World Report’s rankings of business specialties. He began teaching at McCombs in 1997.
Currently a visiting professor of business administration in the Accounting and Management unit at Harvard Business School, Clement studies the dissemination and use of financial information in the capital markets, with a focus on the activities and performance of sell-side security analysts.
His research has been published in leading academic journals, and he has served as an editor at Accounting Horizons and on the editorial board of The Accounting Review. The Wall Street Journal, Barron’s, Financial Times, The Economist, and USA Today have also featured Clement’s work.
“Michael is an outstanding colleague, scholar, and teacher, and we’re all extremely proud of his latest achievement,” McCombs Accounting Chair Steven Kachelmeier said.
