Roman Weil

V. Duane Rath Professor Emeritus of Accounting

Roman Weil, PhD, CMA, CPA, is V. Duane Rath Professor Emeritus of Accounting at The University of Chicago Booth School of Business. He joined the faculty at the University of Chicago in 1965, where he has held positions in both the Booth School of Business in Mathematical Economics, Management and Information Sciences, Accounting, and in the Law School. Dr. Weil directs the University’s Directors’ College, which trains corporate board members to do their jobs better; his own specialty in that training focuses on financial literacy. He co-founded the Directors’ Consortium, and its spin-off in accounting and finance, joint ventures in Chicago, Stanford Graduate School of Business, Stanford Law School, and Tuck School of Business at Dartmouth.

Dr. Weil has been a CPA in Illinois since 1973 and a CMA since 1974. He has served on the faculties of the Georgia Institute of Technology, New York University Law School, University of Washington Business School, and at Stanford University in its Graduate School of Business Economics Department and in its Law School. At Stanford, Dr. Weil has, since its inception, organized the sessions at Directors’ College on Audit Committee duties. He has served on the Board of Academic Advisors of the U.S. Business School in Prague and has taught there. Dr. Weil has served on the accrediting committee of the American Association of Collegiate Schools of Business. He has designed and implemented continuing education programs for partners at the accounting firms of Andersen and PriceWaterhouseCoopers as well as for employees at Goldman Sachs, Montgomery Ward, Merck, William Blair, and for business executives in Great Britain and Singapore.

Dr. Weil has served as editor or associate editor of [The Accounting Review, Communications of the Association for Computing Machinery, Management Science, Journal of Accounting and Economics, and the Financial Analysts Journal. He has co-edited four professional reference books for McGraw-Hill, Simon Schuster, Prentice-Hall, and John Wiley & Sons. Dr. Weil has co-authored a dozen textbooks for Holt, Rinehart, and Winston, The Dryden Press, Harcourt, Brace & Jovanovich, and Thomson Learning. He is the senior editor of, and contributor to, the Litigation Services Handbook, now in its third edition. Dr. Weil’s articles have appeared in Barron's and The Wall Street Journal]. He has published over 100 articles in academic and professional journals. He has served as the principal investigator on various research projects of the National Science Foundation.

Dr. Weil served on the Securities and Exchange Commission Advisory Committee on Replacement Cost Accounting. At the Financial Accounting Standards Board, he has served on two task forces--one on consolidations and the other on interest methods--and on the Financial Accounting Standards Advisory Council.

Dr. Weil is a member of the American Accounting Association, the American Economics Association, the American Institute of Certified Public Accountants, the American Law and Economics Association, the Illinois Society of Certified Public Accountants, and the Institute of Management Sciences.

Dr. Weil has consulted to governmental agencies, including the U.S. Treasury Department and the Securities and Exchange Commission. He has consulted for a variety of clients, including Bethlehem Steel, British Petroleum, Burns-Philp, Chevron, Cisco Systems, Computer Sciences Corporation, DLJ, Duff & Phelps, Ford Motor Company, Genentech, General Dynamics, General Foods, IBM, IBP, McDonnell Douglas, Netcentives, Pepsico, Pharmacia/Upjohn, Pillsbury, Polaroid, PriceWaterhouseCoopers, Reuters, Shell Oil, Santa Fe Railroad, Smith International, Towers Perrin, Union Pacific Railroad, United Air Lines, U.S. Steel, Veba, Victoria Gas and Fuel Corporation [of Australia], and VISA USA.

Dr. Weil serves on the Board of Directors of mutual funds affiliated with New York Life Insurance Company and chairs the Audit Committee. He serves on the board of Ygomi Corporation and on the Investment Company Institute program board.

Dr. Weil received his BA in Economics and Mathematics from Yale University in 1962. He received his MS in Industrial Administration in 1965 and PhD in Economics in 1966, both from Carnegie-Mellon University.

Programs taught by this instructor include:
  • Directors' Consortium (Chicago)