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33rd Annual SEC Reporting and FASB Forum

Author(s): Bob Laux, Cheryl L. Linthicum, Douglas E. Horne, Carol A. Stacey, MSA, CPA
Practice Area: Accounting
Published: Nov 2017
PLI Item #: 181588

As Controller, Mr. Horne serves as Time Warner’s Chief Accounting Officer and is responsible for overseeing the company’s external financial and management reporting, technical accounting matters, SEC filing processes and financial compliance programs. In addition, Mr. Horne manages Time Warner’s corporate Procurement group, Transportation & Logistics department and Enterprise Services Program Management Office.  Prior to his current role, Mr. Horne served as SVP & Deputy Controller of Time Warner Inc. from September 2011 to December 2014.

Previously, Mr. Horne served in a number of senior accounting and finance roles at AOL Inc., most recently as Deputy Chief Financial Officer, Controller, and Chief Accounting Officer. As Deputy Chief Financial Officer, Controller and Chief Accounting Officer, Mr. Horne was responsible for AOL’s world-wide accounting, financial planning, shared-services, tax, and treasury functions.  Prior to that role, Mr. Horne served as the Vice President of Financial Planning and Analysis for AOL’s Domestic Web Services business unit which included AOL’s domestic advertising, content, and communications assets.  Mr. Horne also served as Vice President and Assistant Controller for AOL’s domestic accounting operations and as Executive Director of Accounting Policy.  Mr. Horne joined AOL in 1999 in the Internal Audit group as Director of Internal Audit.

Before joining AOL, Mr. Horne was in the assurance practice of Ernst & Young, LLP principally serving clients in the telecommunications, high-tech and bio-tech industries.

Mr. Horne is an honors graduate of Virginia Tech where he received a B.S. in Accounting and he currently serves on the Advisory Committee for the Pamplin College of Business as well as the Department of Accounting and Information Systems.  Mr. Horne is a certified public accountant, licensed in New York and Virginia, and a member of the American Institute of Certified Public Accountants.

Bob Laux is an Associate Director at the SEC Institute, a Division of Practising Law Institute, and is responsible for conducting programs on various reporting and financial accounting topics. Bob is also the North American Lead for the International Integrated Reporting Council (IIRC).  The IIRC is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs promoting communication about value creation as the next step in the evolution of corporate reporting.  Previously, Bob spent 16 years at Microsoft Corporation, most recently as the Treasury Controller.  Prior to joining Microsoft in 2000, Bob was an Industry Fellow at the Financial Accounting Standards Board (FASB) where he was responsible for coordinating the activities of the Emerging Issues Task Force.  Prior to joining the FASB, Bob spent eight years at General Motors.


Bob’s external corporate reporting related activities include:

  • Member of the Institute of Management Accountants (IMA) Board of Directors
  • Member of the American Accounting Association (AAA) Audit Committee
  • Member of the AAA’s Finance Committee, 2014-2017
  • Member of the International Accounting Standards Board (IASB) Global Preparers Forum, 2007-2017
  • Member of the IASB’s XBRL Advisory Council, 2009-2013
  • Member of the AICPA’s Board of Directors, 2008-2010
  • Member of the Center for Audit Quality SEC Regulations Committee, 2006-2009
  • Member of the AICPA’s Accounting Standards Executive Committee, 2001-2004

Cheryl is Professor of Accounting and former Associate Dean, College of Business at the University of Texas, San Antonio. She served as Academic Fellow at the U.S. SEC in 2005-2006 in the Office of the Chief accountant, and in 2007-2008 at the Division of Corporation Finance, where she participated in IFRS filing reviews and led staff training. She teaches financial and international accounting at the undergraduate, executive MBA and PhD levels and has been honored with college level and university-wide teaching awards.

Her research interests include the application of International Financial Reporting Standards (IFRS) and SEC reporting issues, including SEC comment letters and IFRS reporting.  Her publications appear in Review of Accounting Studies, Journal of International Accounting Research, Accounting Horizons, Journal of Accounting and Public Policy, Journal of International Financial Management and Accounting, CPA Journal, Strategic Finance, and the Multinational Business Review. Cheryl is the past President of the International Accounting Section of the American Accounting Association.

Carol is a Director with The SEC Institute and is responsible for conducting seminars on various reporting and financial accounting topics. She created the SEC Institute's programs IFRS Conference: Today’s Landscape …Tomorrow’s Challenge and Accounting for Business Combinations. Carol was the Chief Accountant of the Division of Corporation Finance at the U.S. Securities and Exchange Commission, an appointment she held for over five years beginning in February 2002.

Carol began her SEC career in 1996 and her other roles included Deputy Chief Accountant, Associate Chief Accountant, Assistant Chief Accountant, and Staff Accountant. Before joining the Commission, Carol worked for an SEC registrant in various capacities, including Director of Financial Reporting and Divisional Controller. Prior to that, Carol was an auditor in the Boston office of PricewaterhouseCoopers.