From the Back Cover
"It's so much easier to be a good investor if you can avoid problems. This book is required reading for all investors who wish to enhance their forensic intuition. Howard, Jeremy and Yoni use excellent and powerful vignettes to illustrate how to detect accounting trickery and financial deception."--Philippe Laffont, Founder, Coatue Management
"Howard Schilit and his team are true experts at identifying deceptive and manipulative accounting. Financial Shenanigans is an invaluable resource for every discerning investor."--Chase Coleman, Founder, Tiger Global Management
"The name Howard Schilit is synonymous with accounting forensics. Earlier editions of this book were my go-to reference for fraud detection techniques and illustrative case studies. This latest edition adds important new insights on acquisition-related gimmickries. It is a must-have resource for all serious investors." -- Charles M. C. Lee, Moghadan Family Professor of Management and Professor of Accounting, Stanford Graduate School of Business
"Though Accounting is surely the language of business, Howard is the master of teaching investors how to read between the lines."--Joel Greenblatt, Managing Principal, Gotham Asset Management
"A must-read! The authors teach forensic financial statement analysis in an easy-to-digest format with lots of war stories. Guaranteed to help investors in their quest to avoid ticking time bombs in their portfolios." --Marc A. Siegel, board member, Financial Accounting Standards Board
Perler, Jeremy: - Jeremy Perler, CFA, CPA, is the Director of Research at Schilit Forensics and co-author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports (3rd edition, 2010). Previously, Jeremy served as the in-house Forensic Accounting Analyst for Coatue Management, a long/short equity hedge fund; Director of Research for CFRA; and auditor for PricewaterhouseCoopers. In addition, Mr. Perler serves on the FASB's Financial Accounting Standards Advisory Council (FASAC) as a representative of the Investor Community. Jeremy holds a Master of Accounting and a BBA from the University of Michigan Ross School of Business.
Schilit, Howard M.: - Dr. Howard M. Schilit, PhD., CPA is the founder and CEO of Schilit Forensics, an investment research consultancy. He is a pioneer in the field of detecting accounting chicanery and has testified before Congress and the SEC. Previously he founded and led CFRA and was a professor at American University.
Jeremy Perler, CFA, CPA, is a partner at Schilit Forensics. Previously, he held positions at Coatue Management, CFRA, and PwC. He has served on advisory committees for the FASB and PCAOB. Yoni Engelhart, CFA, is a partner at Schilit Forensics. Previously, he held positions at Partners Capital, Wellington Management Company, and CFRA. He is a graduate of Harvard Business School.
Schilit, Howard: - Dr. Howard Schilit is the founder and CEO of Schilit Forensics, and a pioneer in the field of detecting accounting tricks in corporate financial reports. He is the author of all previous editions of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports. Schilit has been a leading spokesman before the US Congress, regulators, and global media outlets about accounting tricks and the early warning signs of business deterioration in public filings. He began his career as a professor of accounting at American University and continues to teach and lecture all over the world.
Jeremy Perler is the Director of Research at Schilit Forensics and co-author of the third edition of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports. He serves on the Standing Advisory Group of the PCAOB. He previously sat on the FASB's Financial Accounting Standards Advisory Council (FASAC) as a representative of the Investor Community. He holds a Master of Accounting and a BBA from the University of Michigan Ross School of Business.
Yoni Engelhart is a partner at Schilit Forensics. Previously, he served as a Principal at Partners Capital, a Product Management Specialist at Wellington Management Company; and held several roles at CFRA including Senior Analyst, Director of Business Strategy, and Director of Quantitative Research. Yoni is a CFA Charterholder. He holds a BS from the University of Maryland and an MBA from Harvard Business School.
