Paul Munter Named Academic Accounting Fellow, Office of the Chief Accountant

FOR IMMEDIATE RELEASE
2002-116

Washington, D.C., July 30, 2002 -- The Securities and Exchange Commission's Office of the Chief Accountant today announced the selection of Paul Munter as academic accounting fellow for a one-year term beginning August 2002. For the last 14 years, Munter has been professor and chairman of the Department of Accounting at the University of Miami. He is a certified public accountant. Munter also has a doctorate in accounting from the University of Colorado-Boulder, and a bachelor's degree and a master's degree from Fresno State University.

Munter has published extensively. He co-authored four books and monographs and over 150 articles and technical papers primarily on financial accounting and auditing matters in journals such as Journal of Accountancy, CPA Journal, Accounting Review, Behavioral Research in Accounting, and Practical Accountant. He has been active in the standard-setting process in the United States including serving as a member of the AcSEC Task Force which developed Statement of Position 98-1 on the accounting for software obtained for internal purposes.

At the Commission, the academic accounting fellow serves as a research resource for the staff by interpreting and communicating research materials as they relate to various areas of interest to the SEC. In addition, the academic fellow has been assigned to ongoing projects in the Chief Accountant's office which include rulemaking, liaison with the professional accounting standards-setting bodies and consultation with registrants on accounting and reporting matters. Munter will replace the current academic accounting fellow, Steven L. Henning, who will return to Southern Methodist University.