@Forbes: Immigration and the Big 4, Fannie and Freddie Must Go
By Francine • Nov 12th, 2010My Forbes column appears on Tuesdays and Thursdays.
Go here to read, Accounting Watchdog.
Columns for the week ending November 12, 2010:
Archive for November, 2010
Repurchase Risk (Put-Back) Getting Full Court Press At CNBC
By Francine • Nov 10th, 2010John Carney at CNBC NetNet is talking a lot about repurchase risk. He’s tied it all together in a bow for us, mentions Citigroup and Bank of America, and has given me credit for having been on KPMG’s case for a while.
Taking a Louisville Slugger: Lawsuits Against E&Y, PwC Show Ugly Side of Big 4
By Francine • Nov 10th, 2010Warning: Violence, unsavory language. Watch at your own risk.
Robert DeNiro as Al Capone in The Untouchables:
“A man becomes preeminent, he’s expected to have enthusiasms. Enthusiasms, enthusiasms… What are mine? Baseball! A man stands alone at the plate. This is the time for what? For individual achievement. There he stands alone. But in the [...]
Put Your Money Where Your Money Is: The Auditors and the US Midterm Elections
By Francine • Nov 8th, 2010The Big 4 audit firms prefer to contribute to candidates who are in powerful positions rather than focus on their party politics. It’s purely opportunistic largesse. They typically donate heavily to those in legislative leadership positions and to those in the position to take over leadership roles.
To use a hockey metaphor: The audit firms put their money more often where the puck is rather than where it’s going and hardly ever chase the puck for strictly ideological reasons.
@Forbes: Bankruptcy Examiners and The GM IPO
By Francine • Nov 5th, 2010I’m writing a new column at Forbes.com. It’s called, “Accounting Watchdog” because traditional media is so innovative! Actually, I wanted to broaden my scope a little – if going from Big 4 auditors to accounting, in general, can really be considered expanding my horizons.
But I do have, more or less, carte blanche to comment on whatever [...]
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, 