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The Chicago chapters of the IIA and ISACA are pleased to present the 2010 Annual Holiday Celebration, December 9th. Please join us for an elegant afternoon of networking and holiday cheer. We are extremely excited to welcome Mr. Richard (Dick) Anderson as our keynote speaker, an acclaimed scholar on the subject of corporate governance and [...]
My Forbes column usually appears on Tuesdays and Thursdays. Due to the Thanksgiving holiday, my Thursday column appeared on Saturday. Got that?
Go here to read, Accounting Watchdog.
Columns for the week ending November 28, 2010:
One of the big stories last week was the raid on hedge funds by a combination strike force of SEC, FBI and Department of Justice [...]
This Tuesday, November 30, 2010, from 8:30 to 10 pm EST find me on ProfNet Connect’s Connect Chat, a series of live chats to foster active and engaging conversation between communications professionals, experts and the media. The launch of ProfNet Connect gave rise to the idea of creating a real-time dialogue between site users and [...]
The Economic Affairs Committee of the House of Lords questioned representatives of the four largest audit firms on the issue of “going concern” opinions during the financial crisis. In particular, why were there none for the banks that failed, were bailed out, or were nationalized? The auditors admitted that they did not issue “going concern” opinions because they were told by government officials, confidentially, that the banks would be bailed out.
It’s as wicked as it seems…
What the SEC is doing at Delphi is quite expedient. When the SEC wants to bring civil charges for fraud against Delphi executives, the story is that the auditor was duped. And they got the auditor who was sanctioned for not performing the audit with due professional care to testify to that.
“IFRS For Everyone” is not just another well-crafted campaign for a government-sanctioned “next big thing” to sustain the Big 4’s untenable, unsustainable, obsolete business model that produces a, purported by some, worthless product. The Big 4 are bringing their best and brightest minds, from all over the world, to the US to evangelize their colleagues and transform their clients. Deloitte has partner Nick Difazio on the job.
While I was in New York last week for the FEI Current Financial Reporting Issues conference, I taped a spot for The Street.com on the November 18th GM IPO. I was against the GM bailout. I’m embarrassed by how the administration has manipulated this “resurrection” of GM.
My Forbes column appears on Tuesdays and Thursdays.
Go here to read, Accounting Watchdog.
Columns for the week ending November 19, 2010:
GM’s Gigantic IPO: Investors Bet An Old Dog Can Do New Tricks
FT Alphaville reports this morning that, “President Barack Obama said the IPO marked a ‘milestone in the turnaround of not just an iconic company but [...]
There’s nothing worse than the appearance of regulatory infrastructure and enforcement without the consistent and forceful execution of that regulatory mandate…
I’m spending a few days in New York, covering the 2010 Financial Executives International (FEI) Current Financial Reporting Issues (CFRI) Conference. It’s two days at the Marriott Marquis chock full of FASBs, GAAP, SEC and CFO -types, and a chance to see some of the others who have covered the conference with me these past [...]
 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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