W. M. "Mack" Lawhon Appointed to the Financial Accounting Foundation's Board of Trustees

25 Nov 2010

W. M. "Mack" Lawhon, CPA, chair of Weaver, the largest regional independent certified public accounting firm in the Southwest (USA) and an independent member of Baker Tilly International, was recently appointed to the Financial Accounting Foundation's (FAF) Board of Trustees for a five-year term that begins in January 2011.

"We are very proud that Mack will represent Weaver on this outstanding Board," said Tommy D. Lawler, Weaver's managing partner and CEO. "His demonstrated leadership and long-term contribution to our firm and the accounting industry make him a natural fit for this exemplary honour."

The FAF, organised in 1972, is the independent, private sector organisation responsible for the oversight of the accounting standard setting boards: the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and their advisory councils. The FAF Board of Trustees establishes and improves financial accounting and reporting standards, educates constituents about the standards, selects the members of the standard setting boards and advisory councils and protects the independence and integrity of the standard setting process.

"The FAF was impressed with Mack's extensive experience working with middle market and private companies," said Gregory L. Bailes, CPA, partner in assurance services of Weaver's Austin office and currently the presiding officer of the Texas State Board of Public Accountancy. "Since the development of private company financial reporting standards has gained traction and appears imminent, Mack's knowledge and understanding of issues affecting private companies will greatly contribute to the continued development of those standards."

Mack Lawhon joined the firm, originally founded as Weaver and Tidwell, L.L.P, in 1972 when seven partners and staff primarily focused on tax and accounting services to small businesses and individuals. With nearly four decades in public accounting and more than two decades as the managing partner, he led the firm until June 2009 when he was named chair. Lawhon oversaw the firm grow from 45 professionals in one office to more than 450 employees and more than 350 accountants and professional staff in seven locations throughout Texas. What began as a local firm, he helped Weaver grow to be ranked by Accounting Today magazine, for the past six years, as the largest independent certified public accounting firm in the Southwest (USA). As chair, he continues to pursue merger opportunities for the firm. Lawhon's leadership and vision also created a culture within the firm that embraces core values promoting not only the firm's growth, but more importantly team members' personal and professional growth.

Lawhon earned a Bachelor of Business Administration degree from Southern Methodist University and lectures and writes extensively on taxation for technical and lay audiences.

His professional memberships include the American Institute of Certified Public Accountants (AICPA) where he was a member of the Council from 1999 until 2002, as well as a member of the AICPA Task Force on Non-CPA Ownership of CPA Firms and the AICPA Management of Accounting Practice Committee. He is also a member of Texas Society of Certified Public Accountants (TSCPA) where he served as vice president from 1994-1995 and past president of the Fort Worth TSCPA Chapter in 1985.

Lawhon has been an active member of the community serving the following organisations: Cook Children's Medical Center Board of Trustees; Davey O'Brien Educational Trust National Quarterback Award as a trustee; The Gladney Center as a former Board member; James L. West Presbyterian Special Care Center as a former Board member; The Fort Worth Club as a member of the Board of Governors; Rotary Club of Fort Worth - Downtown Chapter and a Paul Harris Fellow of Rotary International; Polaris North American Network as past chairman of the Board; Fort Worth Jaycees as past president and Because We Care Inc as past president.

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