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Your firm can benefit from my unrelenting focus on the accounting industry. The Big Four audit firms and the audit/accounting industry will be in the news for a long time coming and re: The Auditors will be there to cover them. Would your firm like to sponsor this site or its coverage of an upcoming conference or event?
Dean Starkman edits The Audit, a critique of the business press at the Columbia Journalism Review.
I had the good fortune to be cited recently – it’s the fourth time if you’re keeping count – by The Audit and Starkman for my coverage of KPMG’s settlements of their Countrywide and New Century litigation.
Speaking of accounting—Re: The [...]
This post originally appeared at GoingConcern.com on August 26, 2009. I’ve added updates and additions where available.
Insider trading. Fraud. Money laundering. Falsifying documents. Embezzlement. Tax shelter abuses.
Some say I’m too negative about the audit industry. Occasionally I’m accused of making things up.
Ha.
When Mark O’Conner of Monadnock Research asked for my initial reaction to the deal I had to admit I hadn’t thought much about it. Diamond Technology, a true-blue Chicago born and bred company, is small potatoes. They never achieved the billion dollar revenue goals the founder had envisioned. PwC has potentially bought a pig in a poke.
I’m writing about once a month for a journal of friends called Sundayed. It gives me a chance to stretch my wings and write about topics other than the accounting industry.
I hope you’ll take a look.
“…I attribute much of what I’ve accomplished to measurement, first and foremost. I’ve used Statcounter.com as a primary metrics tool since [...]
I made another guest post at the blog for Financial Executives International. My BBF (best blogger girlfriend) Edith Orenstein is on vacation. The post is cross-posted over at accountingWEB, because Edith is so good and so popular. She’s been my go-to girl for a while when it comes to technical accounting support and general navigation [...]
Call me incredulous, but the Big 4’s public relations professionals may be on to something. Set the bar low, tell us what the Big 4 can’t do, won’t do, want to make you believe they have no responsibility to do, and maybe everyone will leave them alone. Then they can go back to making money [...]
It’s no coincidence that settlements were announced less than a week apart for both New Century and Countrywide. As two of the earliest subprime failures, all parties were probably anxious to clear some clutter and make room for other matters. But with no trials, the truth about KPMG’s role in both Countrywide and New Century will be buried.
This was originally posted Going Concern.com on August 12, 2009.
…there’s definitely collusion/shenanigans going on amongst the big 4 for compensation along with extending dates for promotions. Ratings manipulation is also going on along with unfair treatment of those that tried to go above and beyond….”
Both Deloitte and KPMG admitted last fall that job cuts [...]
Neil Weinberg, Executive Editor of Forbes magazine, interviewed me on April 20th in New York. We talked about the biggest banking bankruptcies, the value of a good bankruptcy examiner’s report and the high cost and diminishing value of the auditor’s opinion.
Look for more from me, and Forbes, on these issues soon.
 Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. Your firm can sponsor this specialized news site. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
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