Steve Golub and the SEC: Excitement, challenge and growth;

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JM. think... that in many respects
the thing I will find most exciting...
will be the Washington
environment... I
"I think it will he a highly challenging, very broadening
experience," Steve Golub said last spring as he prepared to
begin a two-year term with the Securities and Exchange
Commission. Steve was an audit manager with the New
York office when he became the first person from H&S to
be selected under the SEC's Professional Accounting
Fellow Program.
For Steve, who was manager on the Rapid-American
Corporation engagement, one of the Firm's largest, taking
advantage of the opportunity to be an SEC Fellow required an
unexpected change in his career. To join the SEC program
Steve had to resign from Haskins & Sells. "We're not even
permitted to become involved in any SEC activities that may
be related to our previous clients while we're with the
Commission," Steve pointed out.
A native New Yorker, Steven J. Golub majored in ac­counting
at City College of New York and earned a BBA
degree from that school in 1966. He then entered the doc­toral
program at New York University, where he majored in
statistics. "I've completed all the requirements for the doc­torate
except for the dissertation, which I'm working on
now," he said. He became aCPA in 1970.
Steve joined the New York office of Haskins & Sells in
1968, where he remained for two years. In the fall of 1970
he took a year's leave of absence to teach accounting at
Herbert H. Lehman College, part of the City University of
New York system. "I needed the time teaching gave me to
finish some phases of my doctoral studies," he said. While
he was teaching, Steve also worked part time in the EO
Research Department.
Steve rejoined the New York office in 1971. He has spent
a significant portion of his time since then on the Rapid-
American engagement, first as senior accountant and for the
last four years as manager. In addition to Rapid-American
and a number of smaller clients, he has been assigned to the
Liggett Group, Inc., another of the Firm's larger clients.
Under the Professional Accounting Fellow Program,
two individuals are selected annually to join the staff of the
Office of the Chief Accountant of the SEC for a two-year,
nonrenewable term. In its description of the nature of the
program, the SEC notes that assignments of the SEC Fellows
"will generally involve questions of SEC accounting reg­ulatory
policy in which the SEC Fellow will be expected to