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Essentials of Forensic Accounting Logo aicpa

  Michael A. Crain, DBA, CPA/ABV, ASA, CFA, CFE, ... |   Free |   AICPA |   Aug 2014 |   AICPA Store

The highly experienced authors of the Essentials of Forensic Accounting define and explain the disciplined approaches to forensic accounting that lead to a thorough knowledge of the varied specialties within forensic accounting. Through illustrative examples and explanations, this book makes abstract concepts come to life for both seasoned professionals and students and it will help them understand and navigate successfully in this multifaceted area.

The Essentials of Forensic Accounting is an indispensable resource delivering matchless knowledge to practitioners, financial managers and students in understanding the complex elements and factors that impact the forensic accounting practice areas. This vital reference resource focuses the elements that must come together to effectively diminish the incidence and impact of fraudulent activities.

The book addresses the main themes of:

  • Professional Responsibilities and Practice Management
  • Fundamental Forensic Knowledge, Laws, Courts, and Dispute Resolution
  • Specialized Forensic Knowledge, Bankruptcy, Insolvency, and Reorganization
Topics covered:
  • Forensic & valuation services: Technical: Valuation analysis, Intermediate
  • Forensic & valuation services: Technical: Fraud, Intermediate
  • Forensic & valuation services: Technical: Data analytics, Intermediate
  • Forensic & valuation services: Technical: Litigation, Intermediate
  • Forensic & valuation services: Technical: Damage calculations, Intermediate
  • Forensic & valuation services: Technical: Family law, Intermediate
  • Forensic & valuation services: Technical: Bankruptcy, insolvency & reorganization, Intermediate
  • Forensic & valuation services: Technical: Financial statement misrepresentation, Intermediate


Michael A. Crain is a principal of The Financial Valuation Group of Ft. Lauderdale, Inc. He is a doctor of business administration (finance) from the Manchester Business School, University of Manchester in England. Mike has been a licensed CPA in Florida since 1984 and holds several certifications in valuation, fraud examination, and financial analysis. He has certifications of Chartered Financial Analyst (CFA) from the CFA Institute, Accredited in Business Valuation (ABV) from the AICPA, Accredited Senior Appraiser (ASA) in business valuation from the American Society of Appraisers, and CFE from the Association of Certified Fraud Examiners.

Mike practices mostly in the areas of forensic accounting, measurement of economic damages, and valuation of businesses and intangible assets. He is on the adjunct faculty of Florida Atlantic University in the College of Business, where he taught graduate valuation courses. He also taught corporate finance to global MBA students for Manchester Business School.

Mike previously worked in the auditing and consulting areas in public accounting firms, including an inter-national firm where he was a senior manager. Mike served as a consulting and testifying expert in many commer-cial cases, working for both plaintiffs and defendants in state and federal courts. He also served as an arbitrator in commercial damages and minority shareholder cases and as a court-appointed accountant. Moreover, he served as a special investigator on behalf of the county attorney and board of county commissioners for a Florida county government to investigate their county manager. Mike was previously approved as an arbitrator for the American Arbitration Association’s Commercial Panel. Furthermore, he is an author, coauthor, and contributing author of several professional books and journal articles. Mike also received several awards, including the AICPA’s Lawler Award presented by the Journal of Accountancy for best article of the year, and was inducted into the AICPA’s Business Valuation Hall of Fame.

William S. Hopwood’s PhD is from the University of Florida. He has published numerous articles in major accounting journals, including The Accounting Review and Journal of Accounting Research. He is also a coauthor of widely-used textbooks in the areas of Forensic Accounting and Accounting Information Systems. He has been an active co-developer of the Florida Atlantic University’s Master of Accounting with a Concentration in Forensic Accounting, the first program of its kind in the United States. More recently, William developed a virtual digital forensics lab for Florida Atlantic University’s forensics students in the School of Accounting Executive Programs.

Carl Pacini is an associate professor of accounting at the University of South Florida St. Petersburg (USFSP), where he teaches auditing and forensic accounting courses. Prior to USFSP, he taught for 10 years at Florida Gulf Coast University and for 2½ years at Penn State University. He developed and taught numerous courses, including Auditing I, Auditing II, Introduction to Fraud Investigation, Advanced Fraud Investigation, Tax Fraud, Forensic Accounting Legal Issues, Introduction to Forensic Accounting, and Fraud Profiling. He received his PhD in accounting from Florida State University in 1997 and his law degree from the University of Notre Dame in 1979. He is a Florida CPA, a Certified Financial Services Auditor, is Certified in Financial Forensics (AICPA designation), and is a member of the Florida Bar. Carl made numerous continuing professional education (CPE) presentations to the Georgia Society of CPAs, Florida Institute of CPAs, American Association of Attorney-Certified Public Accountants (AAA-CPA), Institute of Internal Auditors, and groups in Pennsylvania. He also served as treasurer of the Financial and Investigative section of the AAA-CPA. He has published over 80 articles in various academic and practitioner journals, including the Journal of Forensic Accounting, Journal of Accountancy, The CPA Journal, Internal Auditor, Auditing: A Journal of Practice & Theory, Journal of Business Finance and Accounting, Abacus, Advances in Accounting, Research in Accounting Regulation, Journal of Management Information Systems, Fordham Journal of Corporate and Financial Law, and the American Business Law Journal.

George Richard Young is an associate professor at Florida Atlantic University (FAU), where he taught fraud examination, auditing, financial accounting, and tax. He is a Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) licensed in Illinois, where he practiced public accounting for nine years before entering academia. He earned his doctorate from the University of Texas at Arlington and has been academic director of the FAU School of Accounting Executive Programs since 2003. The School offers a master of accounting degree for forensic concentration and business valuation as well as a master of taxation degree. In 2014, George became the Associate Director of the School, a position that encompasses managing all master’s degree programs offered by the school, as well as curriculum and assessment for both undergraduate and master’s degree programs. George was a member of the Technical Working Task Group (sponsored by a National Institute of Justice grant administered by West Virginia University) that was charged with the responsibility to develop a model educational curriculum for fraud examination and forensic accounting. He is a coauthor of Forensic Accounting and Fraud Examination (McGraw-Hill, 2e) and a chair emeritus of the Association of Certified Fraud Examiners Higher Education Advisory Committee. George has published articles in academic journals such as Auditing: A Journal of Practice & Theory, Advances in Accounting Behavioral Research, Research on Accounting Ethics, Issues in Accounting Education, Journal of Forensic & Investigative Accounting, and practice journals such as The Journal of Accountancy, The CPA Journal, Fraud Magazine, Internal Auditor, and Taxation for Accountants.