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Accounting Policy & Practice Series

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The Accounting Policy & Practice Series helps accounting practitioners and policymakers in companies, public accounting firms, and other professional environments keep abreast of ongoing and emerging issues and assists them in analyzing pronouncements and other actions by major accounting and auditing standard setters. The Series has two main components: the Portfolios featuring in-depth analysis and practical guidance from expert legal practitioners and the Accounting Policy & Practice Report providing the latest news and developments.

The Series is arranged by topic, with each Portfolio akin to a treatise on a particular accounting subject. Each Portfolio gives practitioners a comprehensive understanding of a transaction or topic; their format is easy to use and written by leading practitioners, often in collaboration with a carefully chosen academic. Each topic is explained in plain English and elaborated principally from a practical, but also a policy perspective.

The Series deciphers — in clear language — accounting rules and principles, whether or not they are "codified". Particularly useful are multiple examples which provide "in practice" applications of the rules and principles. By consulting the Portfolios, a practitioner can become extremely well qualified to respond to questions from colleagues, superiors, outside auditors, or governmental entities as to why a given accounting position is rational and sustainable. Further, if the issue falls into a "grey" area, the Portfolios enable the subscriber to make his or her own informed judgment as to a sustainable accounting position. And, of course, each Portfolio updated frequently to include current developments and perspectives.

The Accounting Policy & Practice Series helps you to:
• Know what the rules mean and how to apply them. This Portfolios-based resource – available electronically and in print – offers detailed, practical guidance, illustrative examples, and sample journal entries so you know precisely what the rules mean and how to apply them. Portfolio guidance covers critical and complex issues such as revenue recognition, share-based compensation, cash-flow statements, and accounting liability.
• Know your options. Portfolios outline multiple scenarios and provide multiple perspectives so you can make the most informed accounting policy decisions.
• Know what's happening. Accounting Policy & Practice Report interprets the latest accounting rules and pronouncements, news and editorial analysis on accounting and auditing developments, and provides interviews with industry leaders, auditing standard setters, and policymakers. Bimonthly Special Reports offer in-depth analysis on hot issues, including Auditors Reports on Internal Control and Revenue Arrangements with Multiple Deliverables.
• Stay in the loop. Get first reports of late-breaking news and announcements.
• Zero in quickly. Find the guidance you need using keyword indexes, the Standards Index, Table of Cases, and a list of working papers by Portfolio title.
• Link directly. Access directly key accounting organizations and Standards websites.
• Spot trends. Know who is restating their financials and why.
• Balance out auditor opinion. Get clear explanations of every ruling, no matter how complex, offered in straightforward language. Authors offer insights and perspectives, as well as options and ramifications.
• Save time. Reduce your research time with Working Papers that include illustrative forms, pertinent professional standards, sample plans, clauses, checklists as well as other useful documents.                                                                                    
Product Structure

Portfolios: In-depth analysis of specific accounting issues

Notification: Accounting Policy & Practice Report and special reports providing news and developments on accounting topics.

Formats and Frequency: Available in print and on the Web. Contents vary by format                                                                                                                                                                                                                                                                                                      
Are you interested in accessing the Accounting Standards and Regulations?
                                                                                                                                                                                                                                                                                                        
Clickhereto learn more about the Bloomberg BNA Financial Accounting Resource Center – a NEW one-stop shop for your accounting research. This Financial Accounting Resource Center gives practitioners access to:

•    Expert Analysis – Portfolios and US GAAP Navigator
•    News & Insights - Accounting Policy & Practice Report and BNA Insights (including videos and practitioner written-articles)
•    Standards & Regulations – Full text of FASB Codification, SEC, PCAOB, IASB, and AICPA material
•    Practice Tools – Including FASB Codification Cross-Reference tool, Checklist Tool, SEC Filings Lookup Tool, plus more!

Clickhere to learn more about the Bloomberg BNA Financial Accounting Resource Center 

Accounting for Income Taxes:


Accounting for Income Taxes: FAS 109 (Portfolio 5000)

Accounting for Income Taxes: Fundamental Principles and Special Topics (Portfolio 5001)

Accounting for Income Taxes: Uncertain Tax Positions (FIN 48) (Portfolio 5002)

Accounting for Income Taxes: Uncertain Tax Positions � Selected Topics (Portfolio 5003)


Accounting Rules and Disclosures:


Accounting and Disclosure for Derivative Instruments (Portfolio 5112)

Accounting Changes and Error Corrections (Portfolio 5124)

Accounting for Debt Instruments (Liabilities) (Portfolio 5105)

Accounting for Investments Debt Securities (Portfolio 5106)

Accounting for Leases: Fundamental Principles (Portfolio 5114)

Accounting for Share-Based Compensation (Portfolio 5109)

Accounting Principles and Financial Statements (Portfolio 5116)

Accounting Rulemaking Authorities and Accounting Research (Portfolio 5113)

Accounts Receivable: Financial Accounting and Auditing (Portfolio 5110)

Accounts Receivable: Management and Analysis (Portfolio 5111)

Asset Retirement Obligations (Portfolio 5143)

Business Combinations (Portfolio 5170)

Business Combinations: Goodwill and Other Intangible Assets (Portfolio 5115)

The Cash Flow Statement (Portfolio 5121)

Closely Held Business Valuation (Portfolio 5147)

Contingent Environmental Liabilities: Disclosures and Accounting (Portfolio 5136)

Earnings Per Share (Portfolio 5137)

Fair Value Measurements: Valuation Principles and Auditing Techniques (Portfolio 5127)

The Financial Reporting of Inventories (Portfolio 5168)

Financial Statement Analysis: Qualitative Techniques (Portfolio 5122)

Leases: Lessee Perspective (Portfolio 5117)

Leases: Lessee Perspective � Selected Topics (Portfolio 5118)

Leases: Lessor Perspective � Economics (Portfolio 5120)

Leases: Lessors - Classification (Portfolio 5128)

Management's Discussion and Analysis (Portfolio 5107)

Methodologies for Estimating Future Profitability, Growth, and Valuation (Portfolio 5131)

Pension Accounting (Portfolio 5108)

Related Party Transactions (Portfolio 5148)

Revenue Recognition: Fundamental Principles (Portfolio 5100)

Revenue Recognition: Product Sales and Service (Portfolio 5101)

Revenue Recognition: Software (Portfolio 5103)

Segment Reporting (Portfolio 5119)


Special Industries and Entities:


Accounting by Partnerships (Portfolio 5209)

Accounting for Agricultural Producers (Portfolio 5205)

Accounting for Combinations of Not-for-Profit Organizations (Portfolio 5203)

Accounting for Museums (Portfolio 5201)  

Accounting for Not-for-Profit Organizations (Portfolio 5200)

Accounting for Trusts and Estates (Portfolio 5202)

Hospital Accounting (Portfolio 5204)

Mortgage Banking Activities and Mortgage-Backed Securities (Portfolio 5208)

Oil and Gas Accounting: Upstream Operations (Portfolio 5206)  


Management Control and Analysis:


Coordinating Risk Management and Performance Measurement (Portfolio 5308)

Corporate Accountability and Triple Bottom Line Reporting (Portfolio 5302)

Cost Accounting Principles for Federal Contracts (Portfolio 5300)

Enterprise Risk Management (Portfolio 5303)

Internal Reporting and Improvement Initiatives (Portfolio 5313)

Linking R&D Performance Measurement and Valuation to Corporate Strategy (Portfolio 5312)

Management's Reporting on Internal Control Over Financial Reporting (Portfolio 5317)

Using the Balanced Scorecard Framework (Portfolio 5304)


Audit Standards and Practices:


Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act (Portfolio 5401)

Audit Risk Assessment Audits of Non-Issuers (Portfolio 5409)

Auditing Fair Values (Portfolio 5403)

Auditors' Reports (Portfolio 5400)

Continuous Auditing (Portfolio 5405)

Internal Controls: Sarbanes-Oxley Act �404 and Beyond (Portfolio 5402)


Accounting Practice and Responsibility:


A Strategic Approach to SEC Investigations (Portfolio 5504)

Accounting Ethics: Sources and General Applications (Portfolio 5508)

Avoiding Material Omissions Under the Federal Securities Laws (Portfolio 5509)

Corporate Governance of the Financial Reporting Process (Portfolio 5506) 

The Liability of Accountants to Non-Clients for Professional Malpractice (Portfolio 5501)

Managing Legal Risk the Financial Reporting Process (Portfolio 5503)

Preparing for and Defending Accounting Liability Litigation (Portfolio 5500)

Responding to Department of Justice Investigations (Portfolio 5515)

Sarbanes-Oxley: Auditor Independence (Portfolio 5502)

The Section 7525 Tax Practitioner-Taxpayer Privilege and Related Issues (Portfolio 5511)

Strategies for an Individual Involved an SEC Financial Reporting Investigation (Portfolio 5505)

 

 

Alan S. Acker
Alan S. Acker, University of Illinois (B.S. 1974), Illinois Institute of Technology, Chicago-Kent School of Law (J.D. 1977); member, Ohio, Illinois, and Virginia Bars; member, American Institute of Certified Public Accountants and Ohio CPA Society; Fellow, American College of Trusts and Estates Counsel; adjunct professor of law at Capital University Law and Graduate Center, Columbus, Ohio; contributor to Tax Management Estates, Gifts and Trusts Journal, Estate Planning, and other legal publications; lecturer at various tax seminars.
Brian Ballou, Ph. D.
Dr. Brian Ballou, Ph.D., Michigan State University (1996); B.S.B.A., Honors, Accounting, The Ohio State University (1988). Dr. Ballou specializes in business risk-based auditing. He has worked as a senior analyst for LEXIS/NEXIS (1991–92), senior associate for Ernst & Young, LLP (1989–1991), and postgraduate intern at the FASB (1988–89). As a public accountant, licensed in Indiana (not actively practicing), he leads seminars for KPMG interns throughout the United States and has served on the AICPA Risk Assessment Task Force. In addition to coauthoring a book on applying a global Enterprise Risk Management (ERM) approach to auditing, Dr. Ballou has published works on governance, risk management, and reporting (GRMR) in Harvard Business Review, the Journal of Accountancy, Issues in Accounting Education, and Management Accounting Quarterly. He has received GRMR-related grants from the Economic Development Administration, KPMG, and PricewaterhouseCoopers. Dr. Ballou is also a Professor of Accountancy and Co-Director of the Center for Governance, Risk Management, and Reporting at the Farmer School of Business, Miami University of Ohio, and co-instructs the only GRMR course series of its kind in the United States.
Frank Beil
Frank J. Beil, CPA, MS (Accounting), University of North Dakota, consults for the FASB in the areas of Revenue Recognition for Products, Services, Multiple Element Transactions, Contractor Accounting, and Accounting for Software Transactions. He is a Senior Lecturer in Accounting and Adjunct Professor of Management at the Carlson School of Management, University of Minnesota. Mr. Beil conducts seminars on Revenue Recognition, Accounting for Pensions, Accounting for Leases, and FASB Update and consults for public and private companies on applying accounting standards.
Carrie Benedict
Carrie Benedict, CPA, Master of Accountancy, Case Western Reserve University (2002); B.S. (Accounting and English), Heidelberg College (2001). Candidate for J.D., Ohio State University (May 2010); former assurance manager, Grant Thornton LLP.
Ervin Black
Ervin L. Black, Ph.D., is the PricewaterhouseCoopers Fellow at Brigham Young University. He received his Ph.D. from the University of Washington and has held faculty positions at Brigham Young University, University of Arkansas, and University of Wyoming. Prior to his academic career, Professor Black received his MBA from Brigham Young University and worked for seven years in private industry as a financial and quality analyst, a corporate treasurer for a start-up company, and a stockbroker. His research is primarily in financial and international accounting, with emphasis on examining the usefulness of firm financial characteristics in different settings. Professor Black teaches undergraduate and graduate courses in international accounting, financial statement analysis, financial accounting, and professional research methods.
Bertold Bodenheimer
Bertold Bodenheimer, CPA, B.S., University of Maryland, practices accounting with Caldwell & Bodenheimer, LLC, providing consulting services to government contractors and government agencies on cost accounting issues. Mr. Bodenheimer frequently serves as an expert witness in contract cost litigation.  Mr. Bodenheimer served for many years at the Defense Contract Audit Agency, both in the field and at headquarters. He also has served as Chairman of the Armed Services Procurement Regulation (now FAR) Cost Principles Subcommittee and on the staff of the first Cost Accounting Standards Board (CASB).
Charles Borek
Charles A. Borek, J.D., University of Baltimore (summa cum laude); M.B.A., University of Baltimore (summa cum laude); B.A., Mary Washington College. Mr. Borek is Executive Vice President for Tax Services and principal of Cohen, Rutherford + Knight, P.C., a Bethesda, Maryland accounting and consulting firm. Mr. Borek also practices law with the Law Offices of O'Connor & Borek, LLC. A member of the American Bar Association, American Institute of Certified Public Accountants, Healthcare Financial Management Association, and American College of Healthcare Executives, Mr. Borek has lectured frequently for the American Bar Association, Maryland Institute for Continuing Professional Education of Lawyers, and American Health Lawyers Association.  A certified public accountant, licensed in Maryland, Mr. Borek is admitted to the bars of the U.S. Supreme Court, U.S. Court of Appeals for the Fourth Circuit, U.S. District Court for the District of Maryland, U.S. Court of Federal Claims, U.S. Tax Court, and Court of Appeals of Maryland. He teaches at the University of Baltimore School of Law where as a student he had served as Editor-In-Chief of the University of Baltimore Law Review.
Kim Marie Boylan
Kim Marie Boylan, B.S., Georgetown University (1981); J.D., Syracuse University College of Law (cum laude 1986); LL.M., Taxation, Georgetown University Law Center (with honors 1993); member, District of Columbia, Massachusetts and Pennsylvania Bars; Admitted U.S. Tax Court, U.S. Court of Federal Claims, Various U.S. Courts of Appeals; ABA Section of Taxation; Certified Public Accountant; clerk for the Hon. Robert J. Yock, U.S. Court of Federal Claims (1986-1987). Frequent lecturer on tax and accounting policy issues. 
Darrell Brown
Darrell Brown, Ph.D., Accounting, University of Utah; M.B.A., University of Montana; B.S., Forestry, University of Montana. Dr. Brown teaches Accounting at Portland State University.
Charlene Budd
Charlene S. Budd, Ph.D., The University of Texas at Austin; MBA, Baylor University; BBA (summa cum laude), Baylor University; AA (Applied Arts), McLennan Community College. As the owner of Budd Management Systems, Dr. Budd is a frequent consultant in practice improvement initiatives. She is a Professor Emeritus at Baylor University, where she taught courses in management accounting and project management. Dr. Budd is the chair of the Business Environment and Concepts Subcommittee of the American Institute of Certified Public Accountants and Chair of the Finance & Metrics Committee of the Theory of Constraints International Certification Organization (TOC-ICO). She is certified in all areas of Theory of Constraints by the TOC-ICO and as a Project Management Professional by the Project Management Institute. Dr. Budd completed extensive training with the Avraham Y. Goldratt Institute in Theory of Constraints concepts, including Critical Chain Project Management and Management Skills, and is a former member of the Institute's JEMBA group. She is a member of numerous organizations including the Financial Executives Institute, Institute of Management Accountants, and Project Management Institute. Dr. Budd has authored and co-authored numerous books and articles on accounting.
Betty Chavis
Betty Chavis, Ph.D., is a Professor of Accounting and serves as the Chair of the Department of Accounting at California State University, Fullerton. Dr. Chavis teaches and conducts research in the areas of financial accounting and reporting, international accounting, and financial statement analysis. She was an Accounting Academic Fellow with the SEC in the Division of Corporation Finance in Washington, D.C. in 2001-2002. Professor Chavis received her Ph.D. in Accounting from the University of Southern California. In addition to the current Share-Based Compensation research, Dr. Chavis is actively researching convergence issues between US GAAP and IFRS. Her research has been published in several academic journals including the Journal of Accounting, Auditing and Finance. She has also presented seminars on US GAAP, Sarbanes-Oxley regulation, SEC reporting and International Financial Reporting in the United Kingdom, Germany and China.
Dominic L. Daher
Dominic L. Daher holds a Master of Laws in Taxation from New York University School of Law, a Juris Doctor from Washington University School of Law, and both Master and Bachelor of Accountancy degrees from the University of Missouri-Columbia. Mr. Daher writes for various scholarly and professional journals, and he serves on the Editorial Advisory Boards for some of the leading tax journals in the nation. Mr. Daher also teaches an array of tax courses in the University of San Francisco's School of Business and School of Law, and he is one of the authors of The Hornbook on Federal Income Taxation (West Group 2008).
Kristi Davidson
Kristi A. Davidson, an associate with the firm's Commercial Litigation Group, focuses her practice in securities litigation, misappropriation of trade secrets, real estate tax exemptions, and claims against accounting firms. A member of the Allegheny County Bar Association, Ms. Davidson has chaired committees involving real estate tax appeals and quality of practice issues. Ms. Davidson received a B.S. from Truman State University and a J.D. from the College of William & Mary. 
Amy Dunbar
Amy Dunbar, Ph.D. (Accounting), University of Texas at Austin; B.A. (Economics), Macalester College. Dr. Dunbar is an accounting professor at the University of Connecticut. She has written articles for publications including The Encyclopedia of Taxation and Tax Policy; Financial Reporting Watch; Journal of Public Economics; National Tax Journal; Public Finance Review; Tax Adviser; Tax Notes; Journal of the American Taxation Association; and Taxation for Accountants. She is on the editorial board of Accounting Horizons and the Journal of the American Taxation Association. Dr. Dunbar has received a number of teaching awards and is a past vice-president of the American Taxation Association.  
Deborah K. Erwin
Deborah K. Erwin, A.B., Princeton University (summa cum laude 1988); Ph.D, English, Yale University (1996); J.D., New York University (2002); member, District of Columbia and Maryland Bars; Admitted U.S. Tax Court, U.S. Court of Federal Claims; ABA Section of Taxation.
George Fritz
George P. Fritz, A.B. (magna cum laude), Xavier University. Mr. Fritz is a retired partner with PricewaterhouseCoopers LLP. Since retiring in 1999, he has served as a consultant, primarily to professional accounting organizations, including the Public Oversight Board, the Panel on Audit Effectiveness, and the American Institute of Certified Public Accountants (AICPA). He was a member of the AICPA's Accounting Standards Executive Committee (AcSEC) from 1991 to 1996 and the Auditing Standards Board from 2004 to 2007. He chaired several AcSEC task forces, including one on software revenue recognition. Mr. Fritz also participated in the“Generally Accepted Accounting Principles” (GAAP) Codification project of the Financial Accounting Standards Board.
Edward Froelich
Edward L. Froelich, B.A., Thomas Aquinas College (1988); M.A., Philosophy, Catholic University of America (1991); J.D., University of Virginia School of Law (1994); LL.M., Taxation, Georgetown University Law Center (1999); member, Maryland and District of Columbia Bars; Admitted U.S. Tax Court, U.S. Court of Federal Claims; Chair-elect, Section of Taxation, Federal Bar Association, Co-editor, FBA Section of Taxation Report (2004-2006); ABA Section of Taxation; clerk for the Hon. John P. Wiese, Senior Judge, U.S. Court of Federal Claims (1994-1995); trial attorney, Tax Division, U.S. Department of Justice (1995-1999).
Daniel T. Gary
Daniel T. Gary is a partner in KPMG's Transaction Services practice, focusing on accounting for valuation-related events such as acquisitions, impairments and fresh start accounting for emergence from bankruptcy. He also is deeply experienced with the requirements of registrants with the Securities Exchange Commission. In his full-time role as a service delivery partner, he is closely involved with a wide range of technical issues as well as operational challenges involving implementation of new standards. Dan's prior tenures as an auditor and a corporate controller enable his understanding of all aspects of an issue. He speaks frequently on accounting for business combinations and has been published and quoted in numerous publications. Brian Heckler, David Hori and Michele Meadows from KPMG LLP Transaction Services provided valuable insights and practical examples in the development of this Portfolio. Their contributions and perspectives are gratefully acknowledged.
Alan Glazer
Alan S. Glazer, A.B., Franklin & Marshall College; M.A. and Ph.D., University of Pennsylvania, served as associate director of the Independence Standards Board's conceptual framework project and has written several articles on auditor independence and accounting ethics. Dr. Glazer is the co-author (with Martha L. Benson) of BNA Tax and Accounting Portfolio 5201, Accounting for Museums (Accounting Policy and Practice Series). He has been teaching financial accounting at Franklin & Marshall College, Lancaster, Pennsylvania, since 1975, where he is the Henry P. and Mary B. Stager Professor of Business. Dr. Glazer's book, Accounting for Museum Collections and Contributions of Collection Items, co-authored with Dr. Henry Jaenicke, Drexel University, was published by the American Association of Museums. Dr. Glazer also assisted in drafting the audit and accounting guide, Not-for-Profit Organizations, for the American Institute of Certified Public Accountants. Dr. Glazer is a member of the American Association of University Professors, the American Accounting Association, and the American and Pennsylvania Institutes of Certified Public Accountants. He serves on the editorial board of the Journal of Accountancy and is a CPA in Pennsylvania.
Audrey Gramling
Audrey A. Gramling, Ph.D., CPA, CIA, University of Arizona; M.P.A., Georgia State University; B.B.A., University of Toledo; Member, American Accounting Association, Institute of Internal Auditors; Task Force Member of the COSO Project on Monitoring Controls; served as an Academic Accounting Fellow in the Office of the Chief Accountant, U.S. Securities and Exchange Commission; has held faculty positions at the University of Illinois at Urbana-Champaign, Wake Forest University, and Georgia State University; serves as a Research Fellow of the ERM Initiative at North Carolina State University. Dr. Gramling teaches executive training courses for banks, public accounting firms, and audit committees. She has made numerous presentations on Internal Control Reporting and Auditing Requirements Under Sarbanes-Oxley including presentations to public companies, Georgia State University's Center for Enterprise Risk Management and Assurance Services, and Georgia Society of CPAs. Dr. Gramling conducts research related to both internal and external auditing issues, including external auditor independence, internal control reporting, and factors affecting the market for audit services. Dr. Gramling's research has been published in academic and professional journals including Contemporary Accounting Research; Journal of Accounting Research; Auditing: A Journal of Practice and Theory; Accounting Horizons; Journal of Accounting, Auditing & Finance; Journal of Accounting Literature; Internal Auditing; and Issues in Accounting Education.
Dan Guy
Dan M. Guy, CPA, Ph.D., University of Alabama (1971); MBA, East Carolina University (1967); Member, American Institute of Certified Public Accountants, Texas Society of CPAs, New Mexico Society of CPAs, National Association of Corporate Directors; former Vice-President, Auditing, American Institute of Certified Public Accountants; currently has a litigation consulting practice in Santa Fe, New Mexico; author of Practitioner's Guide to GAAS (Wiley), Guide to International Standards on Auditing and Related Services (Practitioner's Publishing Company), and Audit Committees: A Guide for Directors, Management, and Consultants (CCH). In 1998, Dr. Guy received the John J. McCloy Award for outstanding contributions to audit quality in the U.S. In 2001, he received the Distinguished Service Award from the Auditing Section of the American Accounting Association for a lasting and significant impact over a 20 to 25 year span in the field of accounting.
Dan Heitger, Ph. D.
Dr. Dan L. Heitger, Ph.D., Michigan State University (2000); B.S., Accounting and Mathematics, Indiana University (1993). Dr. Heitger worked for Ernst & Young, LLP as a staff associate (1993) and specializes in performance measurement issues and transparent sustainability reporting. He co-founded Indiana Executive Systems, an organization that provides executive education on topics related to governance, risk management, and reporting (GRMR) for large international organizations. His GRMR-related publications have appeared in Harvard Business Review, Behavioral Research in Accounting, the Journal of Accountancy, and Management Accounting Quarterly. Dr. Heitger has also received grants related to risk management and reporting from the Bureau of National Affairs. He is an Associate Professor of Accountancy and Co-Director of the Center for Governance, Risk Management, and Reporting at the Farmer School of Business, Miami University of Ohio, and co-instructs the only GRMR course series of its kind in the United States.
Hemantha Herath
Hemantha S. B. Herath, Ph.D., Auburn University (1999); M.Sc., Auburn University (1994). Associate Professor of Accounting, Brock University, Ontario, Canada. Dr. Herath is an Associate Member of the Chartered Institute of Management Accountants — ACMA, United Kingdom (1992). Published work has appeared in Advances in Investment Analysis and Portfolio Management, Advances in Management Accounting, The Engineering Economist, Advances in Quantitative Finance and Accounting, the Managerial Finance journal, the Managerial Auditing Journal, and the Corporate Finance Review. 
Harry Howe
Harry Howe, B.A., Brown University; MBA (Accounting), Graduate Management Institute, Union College; Ph.D., Union College. Associate Professor and Coordinator of Accounting Program, State University of New York (SUNY), College at Geneseo. Member, New York State Society of CPAs; Rochester chapter of the IMA; Rochester chapter of the FEI; and American Accounting Association. Published work has appeared in The Review of Business Information Systems; The CPA Journal; Journal of Business Valuation and Economic Loss Analysis; Decision Sciences Journal of Innovative Education; Strategy and Games; Strategic Finance; International Quarterly Journal of Marketing; The International Journal of Management; and the Journal of Accounting, Taxation and Finance for Business. Prior to completing doctoral studies and joining the accounting faculty at Geneseo, Dr. Howe managed a NYC-based construction company and practiced as a commercial real estate broker in the Hudson Valley. 
Christian Johnson
Christian A. Johnson, J.D., CPA, formerly with Price Waterhouse (now PriceWaterhouseCoopers) is a Professor of Law, at Loyola University Chicago School of Law. He teaches and has published extensively on derivatives, repos, and banking, authoring four books and over 35 articles on the different subjects. Professor Johnson received his law degree from Columbia Law School where he was executive editor of the Columbia Law Review. He received his Masters and Bachelor's Degree in Accounting from the University of Utah.
J. Edward Ketz
J. Edward Ketz, Ph.D., a member of the Penn State faculty since 1981, has authored and edited 17 books, including Hidden Financial Risk (Wiley, 2003) and Accounting Ethics (Routledge, 2006). Professor Ketz has been cited frequently in the popular and business press, including The Wall Street Journal, The New York Times, The Washington Post, Business Week, Fortune, USA Today, and Chicago Tribune, on topics such as accounting for stock compensation, business combination accounting, accounting for derivatives, and evaluations of specific corporate accounting practices at Enron, Tyco, Rite Aid, HealthSouth, AIG, CVS, Starbucks, Krispy Kreme, and others. He also has appeared as an accounting commentator on CNBC, CNNfn, and National Public Radio. Dr. Ketz writes a column about financial reporting issues, “Accounting Cycle: Wash, Rinse, and Spin,” which appears on SmartPros.com. 
Gregory Krock
Gregory J. Krock is a shareholder with Buchanan Ingersoll PC and a member of its Commercial Litigation Group. Mr. Krock's practice involves a wide range of commercial matters, including trade secret and covenant not to compete litigation, securities fraud and shareholder suits, and professional/accounting liability actions. Mr. Krock has written on the use of protective orders for the firm's national White Paper Series. Mr. Krock received a B.S. in Business Administration from the University of North Carolina at Chapel Hill and a J.D. from the University of Pittsburgh.
Andrea M. Lane
Andrea M. Lane; B.S. Acc., University of Florida; J.D., The George Washington University Law School; LL.M., New York University School of Law; Associate, Alston & Bird LLP (2001-present); Member, American Bar Association (Section of Taxation); Co-author of articles appearing in the Journal of Taxation, the Journal of Financial Instruments and the International Tax Review; Admitted to the bars of Virginia and the District of Columbia; Licensed as a certified public accountant in Virginia.
Brian J. Lane
Brian J. Lane is a partner in the Washington, D.C. office of Gibson, Dunn & Crutcher. Mr. Lane focuses on securities regulation and disclosure issues and sophisticated capital markets counseling. He represents U.S. and foreign clients in proxy contests, complex mergers and acquisitions, public and private offerings and corporate governance matters. Mr. Lane received his law degree in 1983 from the American University, Washington College of Law. He has served as an adjunct professor of law at Georgetown University Law Center. Before joining Gibson, Dunn & Crutcher, Mr. Lane served at the Securities and Exchange Commission (SEC) for 16 years, where he held a variety of positions. Mr. Lane served as Director of the Division of Corporation Finance, Counsel to Chairman Arthur Levitt, Counsel to Commissioner Richard Roberts, and staff attorney with the Corporation Finance and Market Regulation Divisions.
J. Russell Madray
J. Russell Madray, CPA, Master of Professional Accountancy, Clemson University (1988); B.S. in Accounting, Clemson University (1986). President of The Madray Group Inc., which helps businesses, accounting firms, and other organizations understand and implement technical accounting and auditing issues; senior lecturer at Clemson University's School of Accountancy and Legal Studies; former member, AICPA Accounting and Review Services Committee; former member, Board of Directors, South Carolina Association of CPAs. Author of Attestation and Other Special Engagements (CCH), Compilations and Reviews (CCH), OCBOA Guide (CCH), and the AICPA's annual Compilation and Review Alert.
J. Randolph Mallek
J. Randolph Mallek, CPA, Ph.D. (Accounting), The University of Texas at Austin; MPA (Master in Professional Accounting), The University of Texas at Austin; MS (Information Systems), American University; MS (Administration), University of California at Irvine. Licensed as a CPA in the state of Texas, Dr. Mallek has taught undergraduate and graduate financial, managerial, and accounting information courses at the Leventhal School of Accounting at the University of Southern California and was an Associate Professor of Accounting at Al Akhawayn University in Morocco and an Assistant Professor of Accounting at American University in Washington, D.C. Dr. Mallek works as an Accounting Consultant in the Washington, D.C. office of Buchanan Ingersoll & Rooney, PC. 
Howard Marmorstein
Howard Marmorstein is an Associate Professor of Marketing at the University of Miami where he teaches Marketing Management and Consumer Behavior. Professor Marmorstein received both a B.S. in Economics and an M.B.A. from the Wharton School of the University of Pennsylvania. He received his Ph.D. from the University of Florida. He has served as an Investment Adviser for more than 10 years. Professor Marmorstein won the University of Miami Professor of the Year Award in 2003. His research on consumer decision making has won two national awards and has been published in numerous academic journals. Professor Marmorstein has also served as an expert witness and business consultant for both firms and municipalities in the areas of business valuation, eminent domain, trademark infringement, and deceptive advertising. 
Kathleen McEligot
Kathleen McEligot, CPA; B.S., University of California, Berkeley. Ms. McEligot is a tax partner at Deloitte Tax LLP, with over 29 years of professional experience. She specializes in corporate taxation, with extensive experience in the financial services, distribution and retail industries. As a firm designated specialist in Accounting for Income Taxes (FAS 109), she consults on income tax accounting issues for all types of companies. Ms. McEligot is a frequent lecturer, speaking before groups such as the Tax Executives Institute (TEI). She is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants; and a Finance Committee Member, Metropolitan Club. 
Gillian McPhee
Gillian McPhee is an associate in Gibson, Dunn & Crutcher's Washington, D.C. office. She currently practices in the firm's Corporations Department where she focuses her practice on securities regulatory issues and corporate governance matters. Ms. McPhee has co-authored a variety of articles and other publications on securities law and corporate governance issues, including “Liability of Officers and Directors; Statutory Limitations, Indemnification and D&O Insurance,” in Corporate Governance: Law and Practice, LexisNexis/Matthew Bender (2005); “The Business Roundtable's 2002 Principles of Corporate Governance,” The Corporate Governance Advisor, September/October 2002; “The Investment Company Act of 1940: Why the Time Has Come to Revive Section 3(b)(1),” in Villanova Journal of Law and Investment Management, Spring 2001. Prior to joining Gibson, Dunn & Crutcher in 1999, Ms. McPhee was an associate in the Washington, D.C. office of Fulbright & Jaworski LLP. Ms. McPhee received her J.D., with Honors, from the University of Texas in 1997. She received her Bachelor of Arts magna cum laude from Yale University in 1993.
Alina Niculita
Alina V. Niculita, CFA, MBA, B.S. in Economics, Academy of Economic Studies, Bucharest, Romania; MBA in Finance, University of Pittsburgh and from the Czech Management Center, Czech Republic. Ms. Niculita is the president and chief operating officer of Shannon Pratt Valuations. She is a chartered financial analyst and a candidate for the American Society of Appraisers designation in business valuation. She is also a member of the Chartered Financial Analyst Institute, the American Society of Appraisers, and the Licensing Executives Society; co-author of Valuing a Business, 5th edition; Business Valuation Body of Knowledge Workbook, 2nd Edition and the Cost of Capital Workbook. She is the former managing editor of Shannon Pratt's Business Valuation Update©, BVLibrary™ and the Economic Outlook Update.™
Hugo Nurnberg
Hugo Nurnberg, Ph.D., Columbia University; M.B.A., Baruch College; B.S., Queens College. Licensed as a Certified Public Accountant (New York), Dr. Nurnberg frequently serves as an expert witness and manages continuing education programs for practicing accountants and nonfinancial executives. Dr. Nurnberg has authored numerous articles in leading journals, including Accounting Forum, Accounting Horizons, The Accounting Review, Journal of Accountancy, Journal of Accounting Research, Journal of Financial Statement Analysis, Journal of Business Finance and Accounting, The CPA Journal, and Issues in Accounting Education. A Professor of Accountancy at Baruch College of the City University of New York, Dr. Nurnberg has been a Visiting Professor at the University of Pennsylvania, Columbia University, the University of Chicago, Rutgers University, and St. John's University, and a Professor of Accounting at Michigan State University. 
Ganesh Pandit
Ganesh M. Pandit, CPA, CMA, DBA, Louisiana Tech University; MBA, University of Louisiana at Monroe. Mr. Pandit has a Post Graduate Diploma in Systems Management and a Bachelor of Commerce from the University of Bombay. Ganesh Pandit has previous experience in both public accounting at a chartered accountants firm and in industry. With more than 15 years of experience in teaching financial and managerial accounting at both undergraduate and graduate levels, Pandit currently is a faculty member at Adelphi University in Long Island, NY. He has authored and co-authored several articles on accounting and related topics that have appeared in both academic and practitioner journals. These articles include: “Auditor Compensation Pattern of S & P 500 Corporations Before and After the Passage of Sarbanes-Oxley Act,” in Journal of Applied Business Research, Summer 2007; “Are the Audit Committee Reports Disclosing Enough after the Sarbanes-Oxley Act? A study of NYSE Companies,” in Managerial Auditing Journal, Vol. 21, No. 1,( 2006), [selected as a Highly Commended Paper at the Emerald Literati Network Awards for Excellence 2007]; and “Audit Committee Reports Before and After the Sarbanes-Oxley Act: A Study of Companies Listed on the NYSE,” in The CPA Journal, October 2005 [solicited for a proposed book on Audit Committees by the ICFAI University, an academic institution in India]. Ganesh Pandit is a non-practicing C.P.A. from Louisiana.
Jack Paul
Jack W. Paul, B.A. (Economics), Cornell University, MBA, Ph.D., Lehigh University. Dr. Paul is a licensed CPA in the State of Florida. He is a professor of accounting at Lehigh University and has taught financial and intermediate accounting, auditing, advanced auditing, information systems, CPA review, and managerial and cost accounting. He is former director of the MS in Accounting program at Lehigh University and teaches the capstone course in that program. He has obtained several grants for conducting accounting research and has published in a number of academic and practitioner journals. 
Allen Rubenfield
Allen J. Rubenfield, CPA, J.D., University of Pittsburgh; M.B.A., University of Pittsburgh; B.A., Pennsylvania State University. Allen Rubenfield has authored numerous articles for both practitioner and academic journals, including The CPA Journal, The Journal of Applied Business Research, and the New Accountant. He is currently a Lecturer of Accounting at the Stetson School of Business and Economics, Mercer University in Atlanta, GA. He is a licensed Certified Public Accountant in Maryland and a licensed attorney in both Pennsylvania and the District of Columbia.
George Salter
George A. Salter, J.D., University of Wisconsin Law School; B.A. College of the Holy Cross. Mr. Salter is an attorney and a partner at Hogan & Hartson LLP in New York, New York, who regularly represents individual accountants and foreign and domestic accounting firms in civil litigation and regulatory matters. Mr. Salter's practice includes litigation in federal and state courts, and investigations commenced by the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board.
Allen Schiff
Dr. Allen I. Schiff is Area Chairman of Accounting at the Schools of Business at Fordham University. Dr. Schiff also serves as the Director of the MBA Field Study Consulting Program. Dr. Schiff received his Ph.D. from New York University in 1974. He also earned an M.S in Accounting from New York University in 1974 and B.A. in Economics in 1967 from New York University. His articles have appeared in numerous publications. Additionally, he served as a Faculty Fellow at PricewaterhouseCoopers. He also serves as an outside Director and an Audit Committee member of a publicly-traded company.
Jonathan Schiff
Dr. Jonathan B. Schiff is professor of accounting at the Silberman School of Business of Fairleigh Dickinson University. Dr. Schiff received his Ph.D. from New York University in 1985 and completed an M.S. in Accounting from New York University in 1975. He has extensive consulting experience with top companies such as American Express, DaimlerChrysler, GE, Merck & Co., and is the founder of the Finance Development & Training Institute, a best practices alliance of global companies. Dr. Schiff is the author of over 60 articles in both the academic and practitioner literature and specializes in corporate financial reporting, internal control, CFO practices and cost management. 
Jeffrey Schultz
Jeffrey L. Schultz, A.B., Princeton University (1990, magna cum laude); J.D., University of Virginia (1994); M.P.A., Kennedy School of Government, Harvard University (2004); associate, corporate and securities law, Shearman & Sterling LLP and Akin, Gump, Strauss, Hauer & Feld LLP; has served as general counsel of a start-up sports media venture; has contributed to a treatise on international debt markets, and is the author of a study on U.S. constitutional and foreign relations law; currently Assistant General Counsel, Millennium Partners, L.P. 
Joseph Sebik
Joseph P. Sebik, B.A., Accounting, Queens College of the City University of New York (1977); graduate credits towards MBA; Controllership, St. Johns University; Certified Public Accountant, New York State (1980); member of the Accounting Committee of the Equipment Leasing Association (ELA) since 2000; recurring speaker at ELA Accounting Conferences; author of numerous articles on leasing; member of the AICPA; over 20 years of lease accounting and financial reporting experience with Price Waterhouse, IBM Credit Corporation, Citicorp Global Equipment Finance, JPMorgan Capital, and Citi Bankers Leasing (a division of Citigroup Inc.). 
Kathleen Smalley
Kathleen Smalley, B.A., Rice University (1978, summa cum laude, Phi Beta Kappa); J.D., Harvard Law School (1981, magna cum laude); law clerk, Judge John Minor Wisdom, U.S. Court of Appeals, and Justice Sandra Day O'Connor, U.S. Supreme Court; Adviser, American Law Institute, Restatement (Third) Torts: Economic Torts; has served as general counsel of public and private companies and as trustee of a public pension fund, where she was a member of the audit committee and chair of the board governance committee; has taught at Harvard, Stanford, Yale, UCLA and SMU law schools; has lectured at Stanford Business School, UCLA's Anderson Business School, Columbia University's law and business schools and MIT's Sloan School; in private law practice, currently consults on real estate, finance, and corporate governance. 
L. Murphy Smith
L. Murphy Smith, D.B.A., Louisiana Tech University; M.B.A., University of Louisiana at Monroe; B.B.A., University of Louisiana at Monroe (summa cum laude). Dr. Smith has worked as an auditor with an international accounting firm. He frequently has consulted as an expert witness on accounting and auditing issues, and teaches Accounting at Texas A&M University. 
Glenn Stevens
Glenn L. Stevens, B.A. in Economics, Lycoming College; MBA in Management and Masters in Finance, Loyola College (Baltimore, MD); Ph.D., Pennsylvania State University, taught finance courses at Franklin & Marshall College, Lancaster, Pennsylvania, from 1995 through his retirement in June 2007. Before serving on the Franklin & Marshall College faculty, Dr. Stevens spent a career in agricultural banking with the Farm Credit Bank of Baltimore. He served as chief financial officer and held other executive positions. He retired from the bank as executive vice president and chief operating officer following its merger into Agfirst Farm Credit Bank. 
Dennis Tracey, III
Dennis H. Tracey, III, J.D., New York University School of Law; B.A., Cornell University. Mr. Tracey is an attorney and a partner at Hogan & Hartson LLP in New York, New York. Mr. Tracey's practice focuses on representation of accountants and accounting firms in civil litigation and regulatory matters. He also advises companies and boards of directors on matters of accounting, financial reporting and disclosure. His practice includes litigation in federal and state courts, arbitration and internal investigations. Mr. Tracey is a former Chairman of the Professional Liability Committee of the Commercial and Federal Litigation Section, New York Bar Association.
Larry Walther
Larry M. Walther, CPA, Ph.D., Associate Professor, University of Texas at Arlington (Chair of Accounting Department); B.B.A., Accounting, University of Texas at Arlington (1976); M.P.A., University of Texas at Arlington (1977); Ph.D., Accounting, Oklahoma State University (1980); Certified Public Accountant, Texas; former auditor with Ernst & Young; consultant to numerous organizations; author of numerous books and articles on financial accounting. 
Charles Wheeler
Charles W. Wheeler; B.A., University of Wisconsin (1967); J.D., University of Wisconsin (1970); LL.M., Georgetown University (1978); Senior Tax Counsel, U.S. Chamber of Commerce (1979-1981); Assistant to the Commissioner of Internal Revenue (1981-1983); Tax Counsel, American Bankers Association (1984-1986); Partner, Ernst & Young, LLP (1986-1994); Partner, KPMG, LLP (1994-1999); Partner, Federal Income Tax, Alston & Bird LLP (1999-Present); Member, American Bar Association (Section of Taxation); Chair, Banking and Savings Institutions Committee of the Tax Section of the American Bar Association (1991-1993); Primary author of the Bank Income Tax Return Manual (1987-1994); Co-author of Taxation of Financial Institutions; Author and speaker on financial industry and financial product tax issues; Admitted to the bars of Wisconsin and the District of Columbia; listed in The Best Lawyers in America.