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Howard Schilit

author Image Howard Schilit is founder and chief executive officer of the Financial Shenanigans Detection Group, LLC, which alerts its clients to accounting chicanery.


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Areas of Expertise: accounting fraud and corporate governance

Website: www.theFSDgroup.com

Books: Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports

Topics Presented in Speeches: financial shenanigans

Biography:
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, 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 and serves as CEO. In 1994, he founded a global forensic accounting research organization, Center for Financial Research & Analysis (CFRA), and ran it until 2005.

He 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. A former professor of accounting at American University, Dr. Schilit holds a doctorate in accounting from the University of Maryland.

Articles by this Author


  1. Financial Metrics Shenanigans image

    Features »

    Financial Metrics Shenanigans

    Companies can use financial metrics to mislead investors. Being alert and paying attention to the definitions can expose such tricks.

    August 2010 | Journal