Dr. Howard Schilit talked to the Stamford CFA Society about How to Detect Accounting Gimmicks & Fraud in Financial Reports. The event was well attended both by local investment practitioners as well as students, mainly from the Sacred Heart University Investment Management Program.
For those of you who were unable to attend Dr Schilit’s talk, please feel free to browse the transcript of the talk below. [Note: we are trying a new transcription service and there may be errors in the transcription. Please feel free to email us at transcripts at stamfordcfa dot org regarding the errors. Hope you enjoy the transcription and find the information useful. Let us know what you think in the comments section below.]
Transcript of Event: Dr. Howard Schlit - How to Detect Accounting Gimmicks & Fraud in Financial Reports
Dr. Schilit is a pioneer in the field of detecting accounting tricks in corporate financial reports that often mislead investors. He is author of the acclaimed book, Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, now in its 3rd Edition. Dr. Schilit heads an investment research and training consultancy, the Financial Shenanigans Detection (FSD) Group that helps clients spot companies using accounting tricks in corporate filings. He has been a leading spokesman before Congress, the SEC, and media outlets about causes and early warning signs of accounting tricks in public filings. Schilit also works closely with the CFA Institute, lecturing at programs around the world.