The practices associated with goodwill impairment accounting became a national scandal in the early 2000s. Many firms inflated their balance sheets by reporting excessive goodwill value as a result of mergers or acquisitions, which in turn provided a vehicle to engage in earnings management....

The Efficient Market Hypothesis (EMH) assumes each security's price remains at continuous parity with its investment value. Accordingly, EMH denies that analytical trading rules using price or fundamental data result in strategies capable of outperforming market averages on a risk-adjusted basis...

Assembling the right management team is a challenging and complex process in today’s global economy. The recent worldwide financial meltdown has simply underscored the importance of a far-sighted and balanced management organisation. The characteristics and composition of the management team...