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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 […]
There has been a great deal of public debate regarding the U.S. corporate tax rate and the impact it has on tax compliance, so-called tax inversions, and economic policy, and inevitably some of this has had strong political coloration. Unfortunately, there appears to still be much confusion, and even misinformation, regarding provisions of tax law, […]
Singapore is the site of an international accounting conference to be conducted by accounting expert Barry Jay Epstein, Ph.D., CPA, CFF, principal of Epstein + Nach LLC on Monday, 26 October 2015.
The event, titled “Fighting Financial Reporting Fraud: A Shared Responsibility for Management and Auditors,” is sponsored by Morison Consulting Singapore Pte. Ltd. Click […]
Auditors will continue to be blamed for the costs of management fraud, notes accounting expert Dr. Barry Jay Epstein, CPA, CFF, in comments prepared for a panel presentation titled “The Human Side of Financial Fraud,” scheduled for the American Accounting Association’s annual meeting in Chicago on August 8-12, 2015.
The session is on the need to […]
Once more a massive accounting fraud is galvanizing critics of corporate governance, both here and abroad, this time engagingly illuminated by the elaborately choreographed resignation of three top Toshiba Corporation executives following disclosure of a $1.2 billion profit overstatement reportedly occurring over a seven year period. Although details are still sketchy, the Financial Times cites […]