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I’m pleased to notify you that re: The Auditors is one of the nominated candidates for the LexisNexis Top 25 Business Law Blogs of 2010, featured on the LexisNexis Corporate & Securities Law Community and the LexisNexis UCC, Commercial Contracts & Business Law Community.
The New York State Court of Appeal will hear two cases, back to back, on Tuesday, September 14th that will have a direct and significant impact on auditors. The in pari delicto defense prevents a plaintiff who is also at fault from recovering damages from a defendant. The way I see it, the in pari delicto doctrine is being used like a pair of needle nosed pliers by audit firm defense lawyers to diffuse a bomb – huge liability for some of the biggest frauds in history.
I have been asked to participate on September 15, 2010, 6-9 pm in New York City (14 Vesey Street, 2nd Floor Auditorium) on a panel to discuss, A Crisis of Our Own Design, with Floyd Norris, Chief Financial Correspondent, New York Times and Anton Valukas, Lehman Bankruptcy Examiner, Chairman, Jenner & Block.
The program is sponsored by the NYCLA [...]
There’s quite a bit of bad news coming out of Russia about PricewaterhouseCoopers and their client Yukos. Former Yukos chief Mikhail Khodorkovsky and his business partner Platon Lebedev stand co-accused in a new trial brought by prosecutors intent on preventing their scheduled release from prison in 2011. Khodorkovsky and Lebedev have decided to target PwC in their defense.
In honor of my appearance in front of a room full of lawyers next week at the New York County Lawyers Association event, I thought I would reprint this article about attorney-client privilege. It was originally published on GoingConcern.com on September 9, 2009
Bank of America (BAC) is in the news again today. The reason is one of my favorite subjects, attorney-client privilege. From the New York Attorney General’s (NYAG) letter to Bank of America’s attorney, Lewis J. Liman…
Marin County’s suit against Deloitte is a “game changer,” one “that has the potential to reshape important aspects of the systems integration business…” Now they’ve decided to dump SAP and ZDNet”s Michael Krigsman thinks that move may be motivated more by the lawsuit than by sound strategy.
Enjoy this guest post from Mr. Aubrey M. Farb. He’s been a Texas CPA since 1947. Next month he will be 88 years old. He is a survivor of the Battle for Iwo Jima and more than fifty years of accounting industry scandals. I don’t envy him his battle scars from either.
You can read my stories here. This fall you can also see me talk about these stories live. And you can support my coverage of key conferences that will produce new stories about the audit firms and accounting profession.
 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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