Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks & Fraud in Financial Reports

“It’s so much easier to be a good investor if you can avoid problems. This book is required reading for all investors who wish to enhance their forensic intuition. Howard, Jeremy and Yoni use excellent and powerful vignettes to illustrate how to detect accounting trickery and financial deception.”--Philippe Laffont, Founder, Coatue Management “Howard Schilit and his team are true experts at identifying deceptive and manipulative accounting. Financial Shenanigans is an invaluable resource for every discerning investor.”--Chase Coleman, Founder, Tiger Global Management “The name Howard Schilit is synonymous with accounting forensics. Earlier editions of this book were my go-to reference for fraud detection techniques and illustrative case studies. This latest edition adds important new insights on acquisition-related gimmickries. It is a must-have resource for all serious investors.” -- Charles M. C. Lee, Moghadan Family Professor of Management and Professor of Accounting, Stanford Graduate School of Business “Though Accounting is surely the language of business, Howard is the master of teaching investors how to read between the lines.”--Joel Greenblatt, Managing Principal, Gotham Asset Management “A must-read! The authors teach forensic financial statement analysis in an easy-to-digest format with lots of war stories. Guaranteed to help investors in their quest to avoid ticking time bombs in their portfolios.” --Marc A. Siegel, board member, Financial Accounting Standards Board