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UNT Insider | October 2007 Issue | Faculty Focus

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Accounting scholar selected first Coda Endowed Chair

Carol Ann Frost, a nationally recognized scholar, has been selected as the first person to hold the newly created Bernard "Barney" A. Coda Endowed Chair in UNT's College of Business Administration.

Carol Ann Frost

Carol Ann Frost

The chair was made possible with a $1 million gift to the UNT Foundation from the estate of the late UNT accounting alumnus Thomas W. Richardson, an accountant, insurance executive and investor. The chair is named in honor of Coda, Richardson's former professor who is now retired from UNT.

Frost, associate professor of accounting and law in the School of Management at State University of New York at Buffalo, began her position at UNT this August.

"Carol Ann Frost has an outstanding academic accounting research record, and as our doctoral coordinator she will serve as a mentor to a new generation of accounting scholars," says Barbara Merino, Horace Brock Professor and interim chair of the Department of Accounting. "She has had extensive experience as a global markets capital consultant that will enable her to bring real world examples to the classroom, making students more aware of the complexity and importance of accounting in our global economy. Carol Ann is an invaluable addition to our faculty."

Frost served as associate professor at SUNY-Buffalo and the Tuck School of Business at Dartmouth College and held an appointment at the Olin School of Business at Washington University.

She also worked for four years as an independent global capital markets consultant and has been a member of NASDAQ's Listing Qualifications Panel since 2004. She served on the NASDAQ Listing and Hearing Review Council from 1999 to 2004, served as strategy consultant to PricewaterhouseCoopers LLP Global Capital Markets Group and has worked with the International Professional Standards Committee of Coopers & Lybrand International.

"I'm excited to be joining the outstanding group of accounting faculty at UNT, and especially look forward to working closely with our doctoral students," Frost says. "The College of Business Administration has great potential, and this position is a great opportunity for me to contribute to the school's growth and development."

Frost earned a doctoral degree from the University of Michigan, a master of business administration degree from the University of Michigan and a bachelor of science degree in forestry from the University of British Columbia.

"We have been able to attract a new, nationally recognized scholar to UNT with this gift, which has set an example for alumni giving across the university," says Finley Graves, interim dean of the College of Business Administration. "We are truly grateful to Tom for his generosity in making this possible."

Richardson, who made the $1 million gift, began his career working for Halliburton Company in the Property Accounting Department and the International Accounting Department before being promoted to Western Hemisphere Regional Accounting Manager. In 1985, he joined the family accounting firm. From 1985 to 1992, he served as co-owner and president of Progressive Mutual Life Insurance Company in Dallas. He was also owner and president of Title Guarantors, Inc.

He grew up in Dallas and Richardson and earned a bachelor's degree in accounting from North Texas in 1980, following in the footsteps of his father and older sister, who also earned degrees from the university. In service to UNT, Richardson was a lifetime member of the UNT President's Council, a member of the Athletic Trustees and a member of the Chair's Alumni Circle of 100 Bold Eagles in the Department of Accounting. He died in April 2005.

UNT News Service Press Release
Ellen Rossetti can be reached at erossetti@unt.edu.

Read other stories in this issue:

October 2007

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