Dr. Igor Pustylnick, DBA

Professor of Finance – UGSM-Monarch Business School

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Dr. Igor Pustylnick holds the position of Professor of Finance at UGSM-Monarch Business School. He presently teaches postgraduate IT courses in Humber Institute of Technology and Advanced Learning in Toronto, Ontario and at the RCC Institute of Canada. He is a recent graduate of SMC University with the degree of Doctor of Finance and a Doctor of Business Administration. His research interests are in the area of fraud and manipulations with financial statements.

In 1987, Dr. Pustylnick graduated from Radio Physics program of Voronezh State University in Voronezh, USSR. His studies evolved heavily around computing and computer science. In 1988-1990 he studied in the Ph.D. in CAD/CAM program in former Voronezh Polytechnic Institute. After his move to Israel from then communist USSR, Dr. Pustylnick worked in IT industry in different roles including Principal Architect and Chief Programmer. In 2006, Dr. Pustylnick obtained an MBA degree from Athabasca University in Alberta, Canada.

Dr. Pustylnick’s scientific interests have always rotated around the use of computers in many aspects of business. His doctoral dissertation entitled “The set of financial data used in computerized fraud detection” researched the methods of potential automation of manipulation detection in financial statements. He continues working in this direction. The last paper on the topic is presented at 2010 SAM conference in Washington DC.

Academic Positions
  • Affiliate Professor of Finance – SMC University
  • Adjunct Professor – RCC Institute of Technology-Yorkville University
  • Adjunct Professor – Humber Institute
  • Professor of Finance – UGSM-Monarch Business School
Academic Credentials
  • Doctor of Business Administration, SMC University, Switzerland
  • Doctor of Finance, SMC University, Switzerland
  • MBA, Athabasca University, Alberta, Canada
  • M.Sc. Radiophysics and Electronics, Voronezh State University, Voronezh, USSR
Awards And Honors
  • Government of Alberta, Canada Scholarship
Main Academic Interests
  • Corporate Finance
  • Management Information Systems
Memberships
  • Member, ACBSP-Accreditation Council For Business Schools & Programs, USA
  • Member, ECBE-European Council For Business Education, Switzerland
Professional Positions Held In The Past
  • Director, Headwater Wool Inc., Ontario
  • Architect, Insystems Technologies, Ontario
Languages
  • English
  • Russian
  • Hebrew
Selected and Recent Publications
  • Pustylnick, I & Nugent, J. “Inflection Point Analysis: The Going Concern Opinion”, 2010, TWU SAM Conference Paper #C10030 2010 Washington, DC
  • Pustylnick, Igor “Combined Algorithm of Detection of Manipulation in Financial Statements”, 2009, SSRN-Social Science Research Network, Abstract 1422693
  • Pustylnick, Igor “Imperfect markets and financial collapse of 2007-2009”, 2009, SSRN-Social Science Research Network, Abstract 1347744
  • Pustylnick, I & Ryndin A. & Lvovich Y. “Aspects of development of CAD Systems for Fiber Optics Cables”, 1990, Working Paper Series, Polytechnic Institute, Voronezh
  • Pustylnick, I & Ryndin A. “Using Tailoring Theorem to place CPU elements on semiconductor crystal”, 1989, Working Paper Series, Polytechnic Institute, Voronezh
  • Pustylnick, I. & Pustylnick E. “Special considerations for choosing random number generating algorithms” , 1988, Working Paper Series, Technologic Institute, Voronezh
  • Pustylnick, I. & V. Buteyko & A. Trifonov “Estimation of shift and diffusion factors for Markov process in pseudo-white noise”, 1988, Working Paper Series, Voronezh State University, Voronezh