Lloyd Glenn Perry (October 28, 1944 – October 21, 1998) was the first Chief Accountant of the United States Securities and Exchange Commission. His appointment to this post by

Ronald Reagan Ronald Wilson Reagan ( ; February 6, 1911June 5, 2004) was an American politician, actor, and union leader who served as the 40th president of the United States from 1981 to 1989. He also served as the 33rd governor of California from 1967 ...

was announced on September 23, 1982, in the SEC News Digest. 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 re-report 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 1980s. 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" ( LCC: HF5625) edited by Richard G. Schroeder and Myrtle W. Clark and published by John Wiley & Sons.ISBNdb.com, Accounting Theory
/ref> He was born on October 28, 1944, in

Gatesville, North Carolina Gatesville is a town in Gates County, North Carolina, United States. The population was 321 at the 2010 census. It is the county seat of Gates County. History The area which presently encompasses Gatesville was originally known as Bennetts Creek ...

. He graduated from

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and was a star baseball player and track athlete. He graduated from Old Dominion College in 1967 and was a member of the

Alpha Kappa Psi Alpha Kappa Psi (, often stylized as AKPsi) is the oldest and largest business fraternity to current date. Also known as "AKPsi", the fraternity was founded on October 5, 1904, at New York University and was incorporated on May 20, 1905. It is cu ...

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 KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

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

1944 births 1998 deaths People from Gatesville, North Carolina Old Dominion University alumni American accountants Members of the U.S. Securities and Exchange Commission {{US-gov-bio-stub