RiskMetrics, a global risk management and consulting concern, agreed to acquire the Center for Financial Research & Analysis, a forensics accounting firm. Terms were not disclosed. RiskMetrics said it planned to merge CFRA with its Institutional Investor Services unit, which grades corporate governance and advises investors. CFRA was founded by former American University professor Howard Schilit in 1994. Schilit, once dubbed as "the Sherlock Holmes of Accounting," sold his stake in the firm in 2003.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access