Financial reporting frauds (also called management frauds) have become endemic, with huge losses being inflicted upon shareholders, creditors and others. Some of the most infamous frauds of the past two decades – Enron, WorldCom, Satyam, Olympus, Toshiba, and Parmalat being a small sample – have implicated the same key concerns. These include: the deviant “dark […]
Sridhar Ramamoorti and Dr. Barry Jay Epstein have been awarded The CPA Journal’s 2016 Max Block Award for their “outstanding” News & Views/Opinion article titled “When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities.”
The news announcement from The CPA Journal reads,
Sridhar Ramamoorti, […]
In a Bloomberg Technology article titled, “Drug Middlemen Have Slim Profit Margins — Just Ask Them,” reporters Tom Metcalf and Neil Weinberg quote Dr. Epstein in regard to the accounting practices of pharmacy benefit managers (PBMs).
The PBMs’ method of counting complies with generally accepted accounting principles. Regulators haven’t expressed displeasure with the way these drug […]
Chicago CPA Ralph Nach is now scheduling sessions for his 2017 Accounting & Auditing seminar, an annual favorite among Illinois accountants. The course provides in-depth, hands-on coverage of recent developments in accounting, auditing, and financial reporting.
Strong emphasis is placed on the practical application of selected newly issued and/or effective authoritative pronouncements affecting practitioners who perform […]
Epstein + Nach LLC, a financial reporting consulting firm based in Chicago, is pleased to publish an in-depth white paper on Accounting for Leases under the New FASB Standard. As financial reporting entities and other businesses across the U.S. work to understand the scope and extent of changes to lease accounting, this white […]
The latest news about Valeant Pharmaceuticals International Inc., suggesting the need for restatements of recent periods’ financial statements, albeit with limited details reported thus far, again focuses attention on the common matter of the possible abuse of revenue recognition accounting principles. According the Valeant’s public disclosures to date, the issue appears to pertain to an […]
Recent developments in accounting, auditing, and financial reporting, including implementation issues, are covered in this 2016 Accounting and Auditing Clinic.
Strong emphasis is placed on the practical application of selected newly issued and/or effective authoritative pronouncements affecting practitioners who perform or supervise compilation, review, and/or audit engagements for small and middle-market, privately held businesses. […]
Financial reporting frauds that are currently endemic, posing threats to accounting clients, users of financial statements, and professional service providers, are the focus of this one-day training program now available from Epstein + Nach LLC.
This course provides in-depth coverage of a wide spectrum of financial reporting (accounting) fraud techniques, and the audit approaches and specific […]
With Attention to Talent, Training and Tools, Audit Committee Appointments Might Prove More Attractive
It has become commonplace to decry the dearth of talented individuals willing to serve on corporate board audit committees and to speculate on the need to make such appointments more attractive to the right mix of financially literate individuals. For various valid […]
International accounting expert Dr. Barry Jay Epstein participated in a panel discussion on the topic, “Corporate Tax Evasion or Tax Avoidance? Understanding the Changing Global Tax Landscape and its Investment Implications.”
CFA Society Chicago sponsored the Wednesday, December 16, 2015 event, which was also hosted by Education Advisory Group.
Dr. Epstein has published several articles on multinational […]