View source for Michael H. Sutton

{{other people|Michael Sutton}}
'''Michael H. Sutton''' is a director of [[Krispy Kreme]] Corporation. Sutton was the Chief Accountant of the [[U.S. Securities and Exchange Commission]] (SEC) from 1995 to 1998, and a director of [[American International Group]] from 2005 to 2009.<ref name="Forbes" >{{cite web|url=https://people.forbes.com/profile/michael-h-sutton/3000|title=Michael H. Sutton Profile|work=[[Forbes]]|accessdate=12 July 2011}}{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}</ref>

==Career==
Sutton was the lead client services partner for [[Haskins & Sells]]' General Motors engagement in 1984. Before his transfer to the Detroit office, Sutton was at the firm's Executive Office in New York as Partner in Charge of Accounting Research group. After ten years with Haskins & Sells (now Deloitte & Touche), Sutton became a senior partner in the firm. He continued serving audit clients as Engagement Partner and appointed Accounting and Auditing Coordinator for the Atlanta Office.<ref name="Forbes" />

In 1989, Sutton served on the transition team for combining the accounting and auditing professional activities of Deloitte Haskings & Sells and Touche Ross & Co. Following the merger, he became the National Director of the Accounting and Auditing Professional Practice for the firm.<ref name="Forbes" />

While at the SEC in the mid-1990s Sutton served as the principal advisor to the commission on Accounting and Auditing Matters with responsibility for formulating commission policy on Financial Accounting and Reporting by public companies. Sutton developed the Commission's program for participating in and monitoring the development of international accounting standards. He participated in the related activities of the International Organization of Securities Commissions and served as an IOSCO Observer to the International Accounting Standards Committee. In 1997, he prepared the Commission's report to Congress on progress in harmonizing accounting standards for use in cross-border filings.<ref name="Forbes" /> 

In 1997 he announced his intention to retire from the SEC.<ref>{{cite news |last1=Petersen |first1=Melody |title=Chief Accountant at S.E.C. Announces Plans to Quit Post |url=https://www.nytimes.com/1997/12/09/business/chief-accountant-at-sec-announces-plans-to-quit-post.html |accessdate=3 November 2020 |work=New York Times |date=December 9, 1997}}</ref> After retiring from his position as the [[U.S. Securities and Exchange Commission|SEC]] Chief Accountant in 1998, Sutton became a special, full-time consultant to the Financial Accounting Standards Board.<ref>{{cite web |agency=Reuters |title=Ex-S.E.C. Official Joins A.I.G. Board |url=https://www.nytimes.com/2005/10/21/business/exsec-official-joins-aig-board.html |website=[[The New York Times]] |accessdate=3 November 2020}}</ref>

Sutton became an independent consultant in April 1999 and served as a senior advisor to [[Deloitte Touche]] Tohmastsu and Deloitte & Touche USA on accounting and [[capital market]] regulation and related professional issues.<ref name="Forbes" />

Sutton was elected to the Board of Directors of [[Allegheny Energy|Allegheny Energy, Inc.]] in 2004 and stayed with the company until 2011.<ref name="Forbes" />

From 2005 to 2009, Sutton served on the Board of Directors of [[American International Group|American International Group, Inc.]]<ref name="Forbes" /> He chose not to stand for re-election in 2009 and resigned from the audit committee as AIG came under public and regulatory scrutiny.<ref>{{cite news |last1=Lublin |first1=Joann |title=Head of AIG Audit Panel to Resign |url=https://www.wsj.com/articles/SB123740052940674301 |accessdate=3 November 2020 |publisher=Wall Street Journal |date=March 19, 2009}}</ref>

He has been director of [[Krispy Kreme Doughnuts]] since October 2004, where he also serves as Co-Chair of a Special Committee to conduct an independent investigation and is a member of the [[audit committee|Audit Committee]].<ref>{{cite web |last1=Davis |first1=Paul |title=Krispy Kreme's special panel brings expertise to SEC probe |url=https://www.bizjournals.com/triad/stories/2004/11/01/story4.html |website=www.bizjournals.com |publisher=Triad Business Journal |accessdate=3 November 2020}}</ref><ref>{{cite web |title=Krispy Kreme to Restate $25M in Income |url=https://www.accountingtoday.com/news/krispy-kreme-to-restate-25m-in-income |website=Accounting Today |publisher=Accounting Today |accessdate=3 November 2020}}</ref>

==Other affiliations==

Sutton has also served as a special, full-time consultant to the [[Financial Accounting Standards Board]].  He earned his BS and MS degrees in accounting from the [[University of Tennessee]].<ref name="Forbes" />

==References==
{{Reflist}}

{{DEFAULTSORT:Sutton, Michael H}}
[[Category:American International Group]]
[[Category:University of Tennessee alumni]]
[[Category:Living people]]
[[Category:Year of birth missing (living people)]]