Robert Elliott to Retire

Robert K. ElliottRobert K. Elliott, past Chairman of the American Institute of Certified Public Accountants (AICPA) and partner at KPMG, has announced his retirement from public accounting effective today.

Most recently known for his participation in creating the AICPA's "Vision Project" and spearheading the controversial XYZ phenomenon now up for a vote before the AICPA national membership, Mr. Elliott has enjoyed a 35-year career in public accounting.

He joined KPMG in 1964 and moved through the ranks from staff accountant all the way to assistant to the chairman of the international firm. His volunteer positions have included member of the AICPA's Special Committee on Financial Reporting, chairman of the AICPA's Assurance Services Committee, member of the Auditing Standards Board and the SEC's Advisory Committee on Capital Formation and Regulatory Processes, chairman of the AICPA's Strategic Planning Committee, and vice chair and chairman of the AICPA's Board of Directors, and culminated with his chairing the AICPA from 1999 to 2000.

While at KPMG, Mr. Elliott was responsible for creating the firm's innovative Research Opportunities in Auditing program as well as the Ph.D. project. In January, 2001 Mr. Elliott was awarded a Lifetime Achievement Award by the Auditing Section of the American Accounting Association. He also received the AICPA Gold Medal Award for Distinguished Service, and the Journal of Accountancy Literacy Award. He has been included in Accounting Today magazine's "The 100 Most Influential People in Accounting" list every year since the list's inception.

Mr. Elliott holds an AB degree from Harvard and an MBA from Rutgers. In retirement, he intends to focus his attention on writing and traveling and plans to remain active with the AICPA's Strategic Planning Committee.

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