John M. Lacey
Ernst & Young Research Fellow, Professor of Accounting, College of Business Administration, California State University, Long Beach
Ph.D., management, University of California, Los Angeles; M.B.A., quantitative business analysis, University of Southern California
Summary of Experience
Professor Lacey's research and professional interests focus on the implications of financial accounting standards for business outcomes. As a member of the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants (AICPA), he voted to clear the S&L Accounting and Auditing Guide, which established the generally accepted accounting principles that must be followed by all savings and loan institutions. As chairman of the Real Estate Committee of the AICPA, Professor Lacey is responsible for the proposal, drafting, and presentation of accounting standards on real estate issues. He has provided expert witness testimony on the financial accounting treatment of real estate transactions and the recognition of profits on real estate sales, including testimony in cases involving major real estate companies, financial institutions, and failed S&Ls.