Auditor Liability, GAAP, and IFRS Publications
Auditor liability expert and accountant Dr. Barry Jay Epstein, CPA, is a prolific author on matters relating to International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), accountants’ liability, auditor liability, securities litigation, financial reporting, fraud, and related topics.
Media requests for comment and invitations to write for future publication are welcomed. You can email Dr. Epstein or reach him by phone at 312-464-3520.
Handbook of Accounting and Auditing, Barry Jay Epstein, New York: Thomson Tax & Accounting, 1998 through 2013. This widely used 3,000 page reference provides encyclopedic guidance on accounting and auditing issues, with references to additional information in the professional literature produced by FASB, EITF, AICPA, SEC, and other related organizations. In addition, there is accounting and auditing coverage for key industries, including financial services, construction, healthcare, not-for-profit, and media/entertainment.
Wiley IFRS Policies and Procedures, Barry J. Epstein and Eva K. Jermakowicz, New York: John Wiley & Sons, Inc., 2008. IFRS implementation guide provides all of the International Accounting Standards detail that a reader needs to select the right IFRS rules and how to implement them. ISBN 978-0-471-69958-3, paperback, 456 pages.
Wiley GAAP: Practical Implementation Guide and Workbook, Barry J. Epstein and Nadira M. Saafir, New York: John Wiley & Sons, 2010. ISBN: 978-0-470-59906-8, Paperback,496 pages, U.S. $95.00.
Wiley GAAP 2010: Interpretation & Application of Generally Accepted Accounting Principles, Barry J. Epstein, Ralph Nach, and Steven M. Bragg, New York: John Wiley & Sons, Inc. Dr. Epstein served as the lead author of 26 annual editions of Wiley GAAP (1985 through 2010). Paperback, 1376 pages.
Wiley IFRS 2010: Interpretation and Application of International Financial Reporting Standards, Barry J. Epstein and Eva K. Jermakowicz, New York: John Wiley & Sons, Inc., 2010. Dr. Epstein served as the lead author of 14 annual editions of Wiley IFRS from 1997 to 2010. Paperback, 1,344 pages.
2016 Published Articles
“Falling Municipal Dominoes: How Accounting Has Abetted Irresponsible Official Behavior,” by Barry Jay Epstein, CPA, Westlaw Journal Bankruptcy, Volume 13, Issue 4, June 2016.
“Today’s Fraud Risk Models Lack Personality: Auditing with ‘Dark Triad’ Individuals in the Executive Ranks,” by Barry Jay Epstein and Sridhar Ramamoorti. The CPA Journal, March, 2016, pages 15-21.
“Expanding Accountants’ Privilege: Implications for Auditors and Clients,” by Barry Jay Epstein, CPA, Westlaw Journal Professional Liability, Volume 25, Issue 9, March 2016.
2015 Published Articles
“Common Auditor Failures: Overlooking Insolvency Risk and Earnings Manipulations,” by Barry Jay Epstein, CPA, Westlaw Journal Professional Liability, Volume 25, Issue 1, July 2015.
“Canaries Gone AWOL (Part 2): Why Aren’t Auditors Helping their Clients by Flagging the Need for Restructurings?” by Barry Jay Epstein, IS Chartered Accountant, published by the Institute of Singapore Chartered Accountants (ISCA), May 2015.
“Do Accountants Face Risk as Fiduciaries?” by Barry Jay Epstein, InsuranceThoughtLeadership.com, April 30, 2015.
“Canaries Gone AWOL (Part 1): Why Aren’t Auditors Helping their Clients by Flagging the Need for Restructurings?” by Barry Jay Epstein, IS Chartered Accountant, published by the Institute of Singapore Chartered Accountants (ISCA), April 2015.
“Tax Heavens: Methods and Tactics for Corporate Profit Shifting,” by Mark Holtzblatt, Eva K. Jermakowicz, and Barry Jay Epstein, International Tax Journal, January-February, 2015.
“Advancing the Art of Auditing by Following The Lead of Federal Authorities,” By Barry Jay Epstein, Westlaw Journal, January, 2015.
“Beware the Politicisation of Accounting Standard-Setting,” by Barry Jay Epstein, Risk & Compliance Magazine, Jan.-Mar. 2015.
Recent White Papers
Accounting for Leases Under New FASB Standard, March 2016.
Recent Press Coverage
The New York Times, “Corruption in FIFA? Its Auditors Saw None.” Reporter Lynnley Browning quotes Dr. Epstein.
June 5, 2015
Wall Street Journal Letter to the Editor under the heading “Accounting Change Isn’t Evil Plot. It Recognizes Reality.”
November 17, 2014
Wall Street Journal Letter to the Editor under the heading “Honest Accounting Makes Governments Face Problems.”
May 28, 2014
2014 Published Articles
“2015 Could Be a Big Year for Accounting Changes, Risking Future Disputes,” by Barry Jay Epstein, Chicago Lawyer, Year in Review, December, 2014.
“Litigation Risk Unabated Following Failed Efforts at Accounting Convergence,” by Barry Jay Epstein, Chicago Lawyer, Litigation Support 2014, October, 2014.
“Added Scrutiny of Prospective Green Investments: Serving Society While Saving Investors,” by Natasha M. Perssico and Barry Jay Epstein, Risk & Compliance Magazine, pages 214-218, Oct.-Dec., 2014.
“IASB-FASB Lease Accounting Proposal: Major Changes Ahead (Part 2),” by Barry Jay Epstein and Lim Ai Leen, IS Chartered Accountant, June 2014.
“SEC and DOJ Actions May Lead to Reduction in Fraud and Improvements in Auditing Practices,” by Natasha M. Perssico and Barry Jay Epstein, Accounting Today, June 19, 2014.
“IASB-FASB Lease Accounting Proposal: Major Changes Ahead (Part 1),” by Barry Jay Epstein and Lim Ai Leen, IS Chartered Accountant, May 2014.
“Using Good Auditing Skills to Assess the Quality of Earnings and the Risk of Financial Statement Manipulations,” By Barry Jay Epstein, Risk & Compliance Magazine, April-June, 2014.
“New Financial Reporting Models Will Make Reviewing Borrowers’ Statements More Challenging,” by Barry Jay Epstein, Westlaw Journal Bank & Lender Liability, volume 19, issue 22, March 24, 2014.
“Converting Financial Statements from U.S. GAAP to IFRS,” by Peter Harris, Eva K. Jermakowicz, and Barry Jay Epstein. The CPA Journal, January, 2014, pages 20-29.
2013 Press Coverage
“Bloomberg in last clash with NYC teachers over $3.5 bln claim,” by Edward Krudy, Reuters, Dec. 10, 2013.
Accounting expert Dr. Barry Jay Epstein, CPA, is quoted in this Reuters article describing a $3.5 billion municipal accounting dispute between the administration of New York Mayor Michael Bloomberg and the city’s public school teachers over retroactive pay raises.
“Deutsche Bank Opaque Loans from Brazil to Italy Hide Risk“, by Elisa Martinuzzi and Vernon Silver, Bloomberg, July 10, 2013.
Dr. Barry Jay Epstein, CPA, is quoted in this Bloomberg article on the accounting treatment used by Deutsche Bank AG to downplay the risk associated with billions of dollars in loans made worldwide.
Accounting expert Dr. Barry J. Epstein, CPA, Principal of Forensic Accounting and Litigation Consulting Services at Cendrowski Corporate Advisors (“CCA”), will speak in a pre-conference lecture on July 30, 2013 at the 2013 Morison International Asia Pacific (MIAP) Annual Conference. The Conference takes place from July 31 to August 2, 2013 at the Grand Hyatt Bali Hotel in Bali, Indonesia.
CCA is pleased to announce that international accounting expert Dr. Barry Jay Epstein, CPA, has joined the firm as a Principal, in our Forensic Accounting and Litigation Consulting Services practice. Read the press release.
2013 Published Articles
“Implications of PCAOB’s Proposed Changes to Auditors’ Reports,” by Barry Jay Epstein, Westlaw Journal Securities Litigation & Regulation, Volume 19, Issue 11 / October 1, 2013.
2012 Press Coverage
“With SEC report looming, uncertainty over IFRS expected to linger,” by Ken Tysiac, Journal of Accountancy, July 12, 2012.
“Epstein Gift to Helene Ramanauskas-Marconi Endowed Scholarship Fund,” DePaul University, Driehaus College of Business, June, 2012.
2012 Published Articles
“Continuing Evolution in Financial Reporting Poses Risks of Confusion and Conditions Ripe for Future Litigation,” by Barry Jay Epstein, Law Bulletin Publishing Company, December, 2012.
“How Auditors Can Better Predict Bankruptcy,” by Barry Jay Epstein, Law360, Nov. 8, 2012.
“Auditor Liability Litigation: 5 Planning Deficiencies that Lead to Audit Failures,” by Susan Cheng and Barry J. Epstein, Westlaw Journal Professional Liability, Volume 22, Issue 5 / October 2012.
“Fair Value Accounting: Finding the Middle Ground in the Mark-to-Market Dispute,” by Natasha Perssico and Barry Jay Epstein, Accounting Today, July 31, 2012.
“Whistle-Blower Assertions of Financial Reporting Fraud: How Counsel Can Protect Corporate Clients,” by Barry Jay Epstein, Ph.D., CPA, supplement to Chicago Lawyer, July, 2012.
“Foreign Earnings Repatriation Study Underscores Need for Improved Investment Climate, Not Tax Gimmicks,” by Barry Jay Epstein, Accounting Today, January 26, 2012.
2011 Press Coverage
What a Switch from GAAP to IFRS May Mean for Investors
by Ann Hynek – November 28, 2011
2011 Published Articles
“Financial Reporting Year in Review: Recent and Upcoming Changes that Will Impact Corporate Counsel and other Attorneys,” by Barry Jay Epstein, Chicago Lawyer, Law Bulletin Publishing Company, December, 2011.
“Before You Sue: Understanding Auditors’ Defenses for Failures to Detect Erroneous or Fraudulent Financial Statements,” Elizabeth Kowalski and Barry Jay Epstein, Chicago Lawyer, Law Bulletin Publishing Company, October, 2011, Volume 34, No. 10.
“Accounting Policy Options in IFRS: Weighing the Choices Upon First Time Adoption,” Eva K. Jermakowicz and Barry Jay Epstein, The CPA Journal, August, 2011.
“Three Ways for Counsel to Mitigate Litigation Risk: An Accounting Expert’s Perspective,” Elizabeth Kowalski and Barry Jay Epstein, Chicago Lawyer, Law Bulletin Publishing Company, August 2011, Volume 34, No. 8.
“The Repatriate Act: GAAP vs. IFRS and the Treatment of Foreign Earnings,” Barry Jay Epstein, Accounting Today, May 2011.
“SEC, Fannie and Freddie: MD&A Overload?” Barry Jay Epstein and Ralph Nach, Law360.com, April 15, 2011.
“Considering Another Tax Holiday for Foreign Earnings,” Barry Jay Epstein, Law360.com, March 31, 2011.
“The Differential Influence of U.S. GAAP and IFRS on Corporations’ Decisions to Repatriate Earnings of Foreign Subsidiaries,” Barry Jay Epstein and Lawrence G. Macy, March-April 2011. This article is reprinted with the publisher’s permission from the International Tax Journal, a bi-monthly journal published by CCH, a Wolters Kluwer business. Copying or distribution without the publisher’s permission is prohibited. To subscribe to the International Tax Journal or other CCH Journals please call 800-449-8114 or visit www.tax.cchgroup.com.
“Roundtable: International Financial Reporting Standards,” Financier Worldwide Magazine, February 2011. Dr. Epstein was one of several panelists interviewed for this article.
2010 Published Articles
“Who’s At Fault? NY Court Ruling Shelters Auditors,” Barry Jay Epstein, Chicago Lawyer, Year in Review 2010, Law Bulletin Publishing Company, December, 2010.
“Auditor Malpractice: Five Things Litigators Should Know About Generally Accepted Auditing Standards,” Barry Jay Epstein and Elizabeth A. Kowalski, Chicago Lawyer, Litigation Support Special Section, Law Bulletin Publishing Company, October, 2010.
“Nine steps to optimization of the audit committee,” Barry Jay Epstein and Elaine Vullmahn, Westlaw Journal Corporate Officers & Directors Liability, Volume 26, Issue 5, August 30, 2010.
“Occupational Fraud: A Productive Area for Counsel’s Attention,” Susan Cheng and Barry Jay Epstein, Chicago Lawyer, Corporate Counsel Special Section, Law Bulletin Publishing Company, August, 2010.
“IFRS for SMEs – An Option for U.S. Private Entities?” Eva K. Jermakowicz and Barry Jay Epstein, The Review of Business Journal, St. John’s University, Volume 30, Number 2, Spring 2010.
“GAAP to IFRS,” Elaine Vullmahn and Barry Jay Epstein, Inside GRC, Issue 2, Volume 2, Spring 2010.
“Litigation Risks in the SEC’s IFRS Plan: What Attorneys Need to Know,” Barry Jay Epstein, The International Law Quarterly, published by the International Law Section of The Florida Bar, Vol. XXV, No. 1, Spring/Summer 2010.
“Buyers Beware: Relaxing Due Diligence Could be Fatal,” Elaine Vullmahn and Barry Jay Epstein, Law360.com, April 23, 2010.
“Avoiding Litigation as Businesses Transition from GAAP to IFRS,” Barry Jay Epstein and Elizabeth A. Kowalski, published in the newsletter of the ABA International Litigation Committee, ABA Section on Litigation, April, 2010.
“This Way Please,” Nadira M. Saafir and Barry Jay Epstein, Insight, the magazine of the Illinois CPA Society, February/March 2010.
“A Guide for Directors: Four Considerations in Assessing Management’s Responses to New Accounting Standards,” Barry Jay Epstein and Elaine Vullmahn, Westlaw Corporate Officers & Directors Liability Journal, Volume 25, Issue 16, February 1, 2010.
Dr. Epstein frequently publishes articles on the legal information site JD Supra. Read his latest articles here.
For a more extensive historical isting of Dr. Epstein’s articles, please visit the publications page on Dr. Epstein’s IFRS accountant website.