This paper presents the results of the moderated multiple regression analysis to show that, all else held equal, there exists a positive premium in the valuation of S Corporations over C Corporations in the period of January 2000 to November 2006. The results of the regression show that the...

Hundreds of studies have been published in forensic accounting journals over the past 15 years on various topics using a variety of research methods. But the basic question has yet to be addressed – what is the purpose of research in forensic accounting? Forensic accounting and forensic...

Forensic accountants are routinely engaged to calculate damages when a personal economic loss is the result of a harmful act. In a legal setting, the individual harmed (the plaintiff) and the person who caused the harm (the defendant) are usually at odds regarding the amount of financial...

This paper presents an applied teaching case intended for use in a graduate forensic accounting course. In this case, readers obtain a qualitative fact pattern from two different perspectives regarding case specific perspectives. Readers also receive quantitative information that will require...

This study investigates whether the valuation approaches for closely held companies preferred by courts vary by industry type. Our difference of means tests find that income valuation approaches are preferred by courts over either asset or market approaches for cases involving the valuation of...

We tested whether the change from SFAS 141 to SFAS 141r/ASC 805 had any effect on restatements due to goodwill impairment. Our findings suggest that the implementation of SFAS 141r increased the likelihood of a financial restatement by 2.5 times. Board of Director and Audit Committee involvement...

One of the most salient concerns in contemporary auditing is fair value, and the grasp auditors have on the topic. This research directly contributes to the current call for auditors to expand the breadth and depth of audit aptitude in a changing business landscape while maintaining the trust of...

In three recent court cases, the Tax Court has delivered opinions that will impact the future valuation of S Corporations. The Tax Court concluded in these cases that S Corporations are more valuable than other wise identical C Corporations. The common issue in all of these cases is; should the...

While analysts provide an important source of information in today's markets, they also offer an array of confusion when their commentary is followed with a reference to a relatively simple valuation metric; the price earnings ratio. In bull markets, analysts appear prophetic for their...

Numerous studies have been conducted over the last 40 years concerning accounting faculty research productivity that have developed benchmarks for which accounting department administrators can evaluate the research productivity of accounting faculty. Such benchmarks not only use quantity of...