- L. Glenn Perry
Lloyd Glenn Perry (October 28, 1944 - October 21, 1998) was the first [http://www.sec.gov/about/offices/oca.htm Chief Accountant] of the
United States Securities and Exchange Commission . His appointment to this post byRonald Reagan was announced on September 23, 1982 in the SEC News Digest. [ [http://www.sec.gov/news/digest/1982/dig092382.pdf SEC News Digest, September 23 1982] ]He led numerous actions against publicly traded companies for false financial reporting and disclosure known as "cooking the books." Most notable of these was the action against California's Financial Corp. of America. After an investigation by Perry and the SEC, the company was forced to second-quarter profits in 1984 to show a $107.5 million loss instead of a $31.1 million profit. This case is credited with being the first indication of the
savings and loan crisis of the 1980's. [ [http://www.time.com/time/magazine/article/0,9171,950159,00.html Time Magazine, September 23, 1984] ]He became a recognized expert in policing false financial disclosure and articles written by him such as "Policing Financial Disclosure Fraud: The SEC's Top Priority" are still referenced and used in college accounting text books such as "Accounting Theory" (ISBN: 0471189081 LCC: HF5625) edited by Richard G. Schroeder and Myrtle W. Clark abd published by
John Wiley & Sons . [ [http://isbndb.com/d/book/accounting_theory_a20.html ISBNdb.com, Accounting Theory] ]He was born on October 28, 1944 in
Gatesville, North Carolina . He graduated fromChurchland High School inPortsmouth, Virginia and was a star baseball player and track athlete. He graduated from Old Dominion College in 1967 and was a member of theAlpha Kappa Psi business fraternity.He was Chairman of the Ethics Committee of the
American Institute of Certified Public Accountants .He was a Senior Partner of the accounting firm
KPMG retiring as head of the Office of Ethics and Professional Practice. Upon being made a partner in 1976 at the age of 31, he was the youngest person to achieve that in the firm's history at that time.References
Wikimedia Foundation. 2010.