We Wrote the Books on Auditing, U.S. GAAP & IFRS
We Wrote the Books on Auditing, U.S. GAAP & IFRS
The Handbook of Accounting and Auditing
Barry J. Epstein
RIA / Thomson Reuters
Dr. Epstein served as the lead author of 26 annual editions of Wiley GAAP (1985 through 2010), 14 annual editions of Wiley IFRS (1997 through 2010), and several other works on U.S. GAAP and international accounting standards, all published by John Wiley & Sons.
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Author Archives: auditoradmin
Alleged Olympus Fraud is Common Accounting Scam
Business acquisitions have long provided opportunities for companies to perpetrate various schemes for smoothing earnings or concealing losses. The Olympus machinations were a more unusual wrinkle than those more commonly observed. Historically, the most common abuse of accounting for business … Continue reading
The Strange Phenomenon of “Negative Goodwill”
An article in The Wall Street Journal’s CFO Journal (China’s Yurun Seeks Investor Goodwill, by Duncan Mavin) on August 31, 2011 discusses an interesting phenomenon reported by that company, namely that significant portions of its annual earnings over the past … Continue reading
Chinese RTO Audits and Related Party Transactions
Susan Cheng, CA, CPA, CFF, CFE, CFA, ABV Barry Jay Epstein, Ph.D., CPA, CFF Russell Novak & Company LLP, Chicago IL With respect to the auditing of Chinese RTO issuers, the primary challenge for auditors, particularly U.S.-based auditors, has often … Continue reading
Chinese RTO Audits & Auditor Liability
Barry Jay Epstein, Ph.D., CPA, CFF Susan Cheng, CA, CPA, CFF, CFE, CFA, ABV Russell Novak & Company LLP Chicago IL Chinese reverse takeover (RTO) companies are increasingly subject to rumors and charges of financial reporting irregularities. Allegations of fraud, … Continue reading
AICPA 10 Auditing Standards
The general, field work, and reporting standards (the 10 standards) published by the American Institute of CPAs (AICPA) are available for download here.