ABOUT THE AUTHORS

Michael A. Broihahn, CFA, is Associate Professor of Accounting at Barry University in Miami Shores, Florida. Mr. Broihahn received his BS, MBA, and MS degrees from the University of Wisconsin, majoring in accounting and finance. He is licensed as a Certified Public Accountant in Florida and Wisconsin, and also holds the professional credentials of Certified Internal Auditor, Certified Management Accountant, Certified in Financial Management, Certified Financial Planner, and Certified Fund Specialist.

Mr. Broihahn began his business career in 1976 with Price Waterhouse in Milwaukee, Wisconsin, where he worked on the audits of Fortune 500 manufacturing companies. He has worked with Fox & Carskadon Financial Corporation in San Mateo, California, as a portfolio controller, and with ComputerLand Corporation as Corporate Controller and Director of Financial Reporting. In 1985, he returned to Milwaukee as the CFO for ComputerBay, also a franchisor of computer retail stores. In 1988 he joined the faculty of the Andreas School of Business at Barry University where he presently teaches courses in financial accounting, auditing, and financial statement analysis. He has been a CFA charterholder since 1990 and currently serves CFA Institute in a number of capacities.

Jack T. Ciesielski, CFA, is the owner of R.G. Associates, Inc. an investment research firm in Baltimore, Maryland. He is the publisher of The Analyst’s Accounting Observer, which is an accounting advisory service for security analysts. Before founding R.G. Associates in 1992, he was a security analyst with the Legg Mason Value Trust. He has published articles in journals such as Strategic Finance and Journal of Corporate Accounting & Finance, and served as a member of the Financial Accounting Standards Advisory Council, the Accounting Standards Executive Committee of the AICPA, the FASB’s Emerging Issues Task Force, and the FASB’s Investors Technical Advisory Committee. As a member of CFA Institute (formerly Association for Investment Management Research), he served on their Financial Accounting Policy Committee from 1993 to 1996. Mr. Ciesielski has been a CPA since 1978 and a CFA charterholder since 1988, and is a member of the American Institute of CPAs and Baltimore CFA Society.

Timothy S. Doupnik is Vice Provost and Professor of Accounting at the University of South Carolina. He received his PhD from the University of Illinois and joined the University of South Carolina faculty in 1982. He teaches courses in financial accounting, international accounting, and financial statement analysis. Dr. Doupnik is coauthor of two textbooks: Advanced Accounting and International Accounting. He is a past president of the International Accounting Section of the American Accounting Association, and has served as editor of Advances in International Accounting and associate editor of Journal of International Accounting Research. His research has been published in a variety of academic journals including Abacus, Accounting Organizations and Society, Accounting Review, International Journal of Accounting, Journal of Accounting Literature, and Journal of International Business Studies.

Elizabeth A. Gordon is an Associate Professor of Accounting at Temple University, and Merves Fellow. She specializes in the areas of international accounting and corporate governance investigating topics such as international financial reporting standards, corporate communications, executive compensation, related party transactions, accounting restatements, market development and corporate disclosure. Her research is published in top journals in her field including the Journal of Accounting Research, the Journal of Accounting, Auditing and Finance, the Journal of Accounting and Public Policy, and The Accounting Review. She serves as an associate editor for the Journal of International Accounting Research and the Journal of International Financial Management and Accounting. Dr. Gordon has taught courses in financial accounting and international accounting at the graduate and undergraduate levels, receiving a number of teaching awards. Dr. Gordon was an auditor with PwC and interned at the Office of Management and Budget before entering academia. She received her Doctorate from Columbia University, Masters in Business Administration from Yale University and Bachelors of Science in accounting with highest distinction from Indiana University. Dr. Gordon was licensed as a CPA in Maryland. She has been on the faculty of the Graduate School of Business at the University of Chicago, the Rutgers Business School, and a visiting professor at the University of Pennsylvania.

Elaine Henry, CFA, is an Assistant Professor of Accounting at the University of Miami, where she teaches courses in accounting, financial statement analysis, international financial reporting standards, and valuation. Dr. Henry received her BA and BBA from Millsaps College and her MBA with high distinction from the Harvard Business School. After working in corporate finance at Lehman Brothers, strategy consulting at McKinsey & Company, and corporate banking at Citibank (Athens, London, and New York), she obtained a PhD from Rutgers University where she majored in accounting and minored in finance. She has published articles in a number of journals, including Journal of International Accounting Research, Journal of Emerging Technologies in Accounting, Accounting Horizons, and Issues in Accounting Education.

Dr. Henry served as project team leader for the (Public Company Accounting Oversight Board) PCAOB research synthesis project on related party transactions in 2006 and 2007. She served as the Treasurer of the Harvard Business School of London from 1996 to 1998, as a Trustee of British Friends of HBS from 1996 to 2000, and as a member of the Board of Trustees and Finance Committee of the United Way of Greater Mercer County from 2002 to 2005. Dr. Henry is a member of the American Accounting Association and CFA Miami, and has served as a CFA standard setting participant and a member of CFA Miami’s Board of Directors.

Elbie Louw, CFA, is a senior lecturer in Investment Management and Financial Risk Management in the Department of Financial Management at the University of Pretoria located in Pretoria, South Africa. She also acts as program coordinator of undergraduate CFA Institute Educational Partner Program, BCom (Investment Management) at the University of Pretoria. Ms. Louw joined the University of Pretoria in 2002 after gaining experience in private practice with a portfolio management and export company respectively. She received her BCom, BCom (Hons), and MCom degrees in Financial Management Sciences from the University of Pretoria in 1999, 2001, and 2011 respectively and was awarded the CFA charter in 2004. From 2007 to 2011 she was a board member of CFA South Africa, the local society of CFA Institute.

Wendy L. Pirie, CFA, is Director, Curriculum Projects, in the Education Division at CFA Institute and served as editor for this book. While her contributions to the writing of chapters were significant, she is not specifically listed as a co-author on any chapter. Prior to joining CFA Institute in 2008, Dr. Pirie taught for over 20 years at a broad range of institutions: large public universities; small, private, religiously affiliated colleges; and a military academy. She primarily taught finance courses but also taught accounting, taxation, business law, marketing, and statistics courses. Dr. Pirie’s work has been published in the Journal of Financial Research, Journal of Economics and Finance, Educational Innovation in Economics and Business, and Managerial Finance.

Prior to entering academia, she was an auditor with Deloitte & Touche in Toronto, Canada. She is a Chartered Accountant (Ontario) and Certified Public Accountant (Virginia). She completed the ICAEW’s Certificate in International Financial Reporting Standards. She holds a PhD in accounting and finance from Queen’s University at Kingston, Ontario, and MBAs from the Universities of Toronto and Calgary. She is a member of CFA Institute, New York Society of Security Analysts, and CFA Society of Chicago.

Scott Richardson holds a Bachelor of Economics (First Class Honors) from University of Sydney and a PhD in Business Administration from the University of Michigan. Dr. Richardson worked as Assistant Professor at the Wharton School, University of Pennsylvania from 2002 to 2006, during which time he published extensively in leading academic journals such as Journal of Accounting and Economics, Journal of Finance, Review of Accounting Studies, Journal of Accounting Research and The Accounting Review. Dr. Richardson’s research interests concentrate on empirical archival capital markets research and also cover earnings management, corporate governance, and corporate finance. Dr. Richardson served as Global Head of Credit Research and Head of European Equity Research at Barclays Global Investors (now BlackRock), where he shared investment decision rights across a set of large actively managed credit and equity funds for institutional clients. He also served on BGI’s Proxy Committee in the United States and Shareholder Engagement Committee in the United Kingdom, helping set the firm’s policy with respect to proxy voting guidelines. In 2009 Dr. Richardson was awarded the Notable Contribution to Accounting award for his work with Richard Sloan, Mark Soliman, and Irem Tuna on accrual reliability. Dr. Richardson has recently joined London Business School as Professor of Accounting. He also serves on the editorial boards of several journals and is an active referee across most leading journals.

Thomas R. Robinson, CFA, is managing director of the Education Division at CFA Institute. He leads and develops the teams responsible for the production and delivery of educational content and examinations for CFA Program and CIPM candidates, and the educational content for CFA Institute members and other investment professionals. Dr. Robinson joined CFA Institute as Head of Educational Content in 2007. Previously, he was an accounting faculty member at the University of Miami, serving as Director of the Master of Professional Accounting Program and Personal Financial Planning programs. Concurrently, he was managing director of a private wealth investment advisory firm and served as a consultant in valuation and financial statement analysis. Prior to working in academia, Dr. Robinson worked in public accounting, performing tax and financial planning services.

Dr. Robinson is a CFA charterholder, a Certified Public Accountant (CPA) (Ohio), a Certified Financial Planner (CFP), and a Chartered Alternative Investment Analyst (CAIA). He holds a bachelor’s degree in economics from the University of Pennsylvania and a master’s and doctorate from Case Western Reserve University. He was active both locally and nationally as a volunteer for CFA Institute and CFA Miami prior to joining the CFA Institute staff.

Karen O’Connor Rubsam, CFA, has over 20 years experience in the public accounting/finance and insurance industries. She holds a BBA in accounting, with honors, from the University of Notre Dame and a Masters in Banking and Financial Management from Boston University. Since 1999, she has been a private investor and independent business/financial consultant. Her clients include legal and hedge fund firms. She has also served as an adjunct accounting instructor for Chandler Gilbert Community College. Prior to moving to Arizona, Ms. O’Connor Rubsam was the Chief Financial Officer for PartnerRe Ltd., a reinsurer traded on the NYSE. From 1993 to 1997, she was part of the financial management team at another public reinsurer, Zurich Reinsurance Centre Holdings, serving first as the corporate controller and later as the CFO. Her other experience includes roles as a senior manager at Coopers & Lybrand (now part of PriceWaterhouseCoopers), an internal auditor (NAC Re Corporation) and a research analyst for Paulsen, Dowling Securities, Inc.

rem Tuna is Associate Professor of Accounting at London Business School. She joined London Business School in 2008. She was formerly Assistant Professor of Accounting at the Wharton School in Philadelphia. Her academic research focuses on the use of accounting information in valuation, corporate governance, and earnings management. Professor Tuna has published in top-tier accounting journals, including The Accounting Review, The Journal of Accounting Research, and The Journal of Accounting and Economics. She is on the Editorial Boards of Review of Accounting Studies, Journal of Business, Finance, and Accounting, Contemporary Accounting Research, and European Accounting Review, and on the Editorial and Advisory Board of The Accounting Review. Professor Tuna holds a BSc from the Middle East Technical University, a MAS from the University of Illinois at Urbana-Champaign, and a PhD from the University of Michigan.

Jan Hendrik van Greuning, CFA, is a nonexecutive director on the audit and risk committees of FirstRand Bank in South Africa and Bank Islam in Brunei. He was previously a partner at Deloitte, head of bank supervision at the South African Reserve Bank, and retired from the World Bank Treasury at the end of 2009, where he was Senior Advisor. He managed the World Bank/IFC in-house preparation program for CFA candidates and focused on risk-based management information, securities accounting, operational risk, and international reserve management capacity building for central banks.

Dr. van Greuning majored in Accounting at Stellenbosch University and completed a Doctorate in Economics as well as a Doctorate in Accounting Science. He qualified as a chartered accountant in both South Africa and Canada and is a CFA charterholder. His World Bank publication on International Financial Reporting Standards has appeared in six editions. He also coauthored two banking publications: Analyzing and Managing Banking Risk and Risk Analysis for Islamic Banks. The books have been translated into several languages.

Susan Perry Williams is the KPMG Professor of Accounting at the McIntire School of Commerce, University of Virginia. Professor Williams earned her PhD from the University of Wisconsin-Madison in 1990. She currently teaches Advanced Financial Accounting, Accounting for Mergers and Acquisitions, and Strategic Cost Management at the McIntire School. She has published in a number of academic accounting journals. Professor Williams serves on the audit committee of the McIntire School of Commerce Foundation. She has also served on various committees of the American Accounting Association, and holds both CPA and CMA certificates.