GRANT W. NEWTON, CPA, CIRA, CMA, is Professor of Accounting at the Graziadio School of Business and Management at Pepperdine University. He is Executive Director of the Association of Insolvency and Restructuring Advisors, the author of Bankruptcy and Insolvency Accounting, and coauthor, with Gilbert D. Bloom, of Bankruptcy and Insolvency Taxation, both from Wiley.