2016 Banquet Honored Professor Grant W. Newton

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Recipient of the Distinguished Service Award for Lifetime Achievement

The 2016 recipient of the Distinguished Service Award for Lifetime Achievement was Professor Grant W. Newton, CIRA, CPA, Ph.D. Professor Newton is Professor Emeritus of Accounting at Pepperdine University. He taught accounting and finance courses in the MBA, Executive and undergraduate programs at Pepperdine.

Professor Newton is the former Executive Director of the Association of Insolvency and Restructuring Advisors. He developed the common body of knowledge needed by accountants and financial consultants working in the insolvency and reorganization field, as well as the three courses that led to the Certified Insolvency and Reorganization Accountant (CIRA) designation. He assisted in the development of the Certification in Distressed Business Valuation (CDBV) designation.

Professor Newton was a member of the AICPA's Task Force on Financial Reporting by Entities in Reorganization Under the Bankruptcy Code that resulted in the issuance of the Statement of Position 90-7. He has advised both national and local CPA firms on issues dealing with financial reporting (during and emerging from chapter 11), valuation, terms of plan, tax impact of plan, tax issues related to the bankruptcy estate and recovery of assets.

Professor Newton received his Ph.D. degree from New York University, his Masters degree from the University of Alabama, and his B.S. degree from the University of North Alabama from which he received the Alumnus of the Year award in 1992.

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