Dr. Epstein is the author of The Handbook of Accounting and Auditing, published by RIA, the tax and accounting business of Thomson Reuters.

He has been associated with this comprehensive reference work, and its semi-annual updates, for over 18 years.

Dr. Epstein served as the lead author of 26 annual editions of Wiley GAAP (1985 through 2010), 14 annual editions of Wiley IFRS (1997 through 2010), and several other works on U.S. GAAP and international accounting standards, all published by John Wiley & Sons.

Securitization Accounting Expert

Current economic conditions are causing unanticipated fluctuations in the "fair value" and pricing of securitized assets, leading to legal disputes and litigation.

The team of forensic accountants at SS&G, under the direction of accounting author and expert Dr. Barry Epstein, is available to assist law firms and government agencies in analyzing the financial obligations of issuers and investors involved in securitized assets.

Listen to Dr. Barry Epstein on a 3/22/10 podcast on Repo 105 titled
Accounting Troubles at Lehman Brothers (Episode 101)

Meet The Expert Barry Jay Epstein, Ph.D., CPA, is a Chicago-based financial reporting expert, author, and litigation consultant with over 40 years experience as an accountant, auditor, lecturer, writer and financial executive.

Entities that generate a large number of similar receivables, such as mortgage loans, credit card receivables, or automobile loans, commonly securitize these receivables.

Securitization is the transformation of groups of homogeneous receivables into securities that can then be sold to investors. For example, commercial loans can be converted into collateralized debt obligations (CDOs). These CDOs entitle investors to receive specific cash flows generated by the loans.

Securitization accounting involves many aspects of modern contract and property law. Dr. Epstein's team of forensic accountants can assist you in analyzing the GAAP accounting standards relating to:

• The conversion of loans/leases into securities
• Independent special purpose financing entities
• Qualified special purpose financing entities (QSPE)
• "True sale" accounting criteria
• Cash flow and credit risk associated with securitized tranches

Click here to learn more about our forensic accounting securitization services.