Detecting Financial Shenanigans (Ended)
Date, Time, and Location:
Thursday, October 14th, 2010
11:30 am - 1:00 pm
The Standard Club
320 South Plymouth Court
Chicago, IL 60604
Dr. Schilit will share his secrets on detecting companies attempting to hide operational problems by using a variety of financial shenanigans. Such tricks can involve (1) earnings manipulation (2) operating cash flow distortions and (3) company-created metrics -- all of which put a positive spin on a company's deteriorating, underlying, economic performance. The presentation also focuses on the "breeding ground" for shenanigans, and highlights both quantitative and qualitative screens to help detect the bad actors.
Members - $45
Non-Members - $55
Student-Members - $10
(payable by cash, check, credit card or function ticket)*
CFA Institute Qualified Activity:
Eligible for 1 credit hour
Chef's Choice (Vegetarian meal available upon request)
Register online below, or by phone: 312-251-1301
Dr. Howard M. Schilit
Founder and CEO - Financial Shenanigans Detection Group, LLC
Introduction by (To Be Announced)
Presenter Background Information:
Dr. Schilit is an international leader in the detection of early warning signs of accounting fraud and weak corporate governance. He is the author (with Jeremy Perler) of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports (McGraw-Hill) 3rd Edition, April 2010. 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. Dr. Schilit recently founded the Financial Shenanigans Detection Group, LLC. In 1994, he founded and ran a global forensic accounting research organization - Center for Financial Research & Analysis (CFRA) until 2005. Dr. Schilit frequently lectures on the subject of financial shenanigans to securities analysts, university students, investors, bankers, lawyers, and insurers. Business Week referred to Dr. Schilit as the "Sherlock Holmes of Accounting," and Smart Money magazine selected him twice as one of the "Power 30" of investing.
11:30 am - 12:00 pm: Registration & Networking
12:00 pm - 1:00 pm: Lunch & Speaker Presentation
*Special Notes Regarding Fees:
Student rate only available to students approved as a Student-Member of CFA Chicago for 2010-2011. Regular, Affiliate, and Candidate Members may apply function tickets as payment for Non-Member or Student-Member. Credit card required to guarantee ALL reservations except for ONLINE reservations using FUNCTION TICKETS. No day-of-event pre-registrations accepted (on-site only, if applicable and space available). There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, October 11th.
This is a "Passport Program." Members of any local CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.
This program qualifies for credit under the guidelines for the CFA Institute Continuing Education Program. Please click here if you would like more information.
Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.