Jack T. Ciesielski founded R.G. Associates in 1992 and started publishing The Analyst’s Accounting Observer in May of that year. A graduate of Loyola University Maryland undergraduate accounting and master’s finance programs, and a CPA since 1978 and a CFA since 1988, he spent nearly seven years as a security analyst with the Legg Mason Value Trust in Baltimore. Prior to joining Legg Mason, he held various positions in the accounting profession as an auditor and as an educator.
Mr. Ciesielski has been a member of the Financial Accounting Standards Advisory Council of the FASB, and a member of FASB’s Investors Technical Advisory Committee, which advised the FASB on the information needs of investors during its existence. Actively involved in standard setting as a member of the FASB’s Emerging Issues Task Force and as a member of the AICPA’s Accounting Standards Executive Committee (now the AICPA’s Financial Reporting Executive Committee), he was the first investor community representative to be named to either body. He is currently a member of the CFA Institute’s Corporate Disclosure Policy Committee.
In addition to writing the Accounting Observer, Mr. Ciesielski is an occasional contributor to Fortune and Barron’s. He has also testified before the U.S. Senate and the Securities & Exchange Commission on accounting matters on numerous occasions.
Melissa A. Herboldsheimer has been a research analyst with R.G. Associates since 2001. Experienced in the study of financial statements, she works with various financial reporting datasets and develops strategies for gathering primary data for research used in The Analyst’s Accounting Observer. She also assists with writing the Observer. She has been a CPA since 2005, a member of the American Institute of Certified Public Accountants since 2006 and a member of the Baltimore CFA Society since 2002.
Ms. Herboldsheimer earned her bachelor’s degree in accounting from Frostburg State University in 2002 and went on to earn a master’s degree in business administration from Loyola University Maryland in 2004.
Paula M. Tanabe has been a research analyst with R.G. Associates since 2001. Paula also assists with the development of the primary data used in Accounting Observer reports, and is responsible for GIPS-compliant performance measurement of client investment accounts. She has been a CPA since 1989 and a member of the American Institute of Certified Public Accountants since 2001. Ms. Tanabe earned her bachelor’s degree in accounting from Loyola University Maryland in 1985.