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The Chicago ISACA Chapter sponsored a Lunch and Learn in conjunction with Crowe Horwath. I participated as a panelist. A presentation given by Crowe Horwath is included.
New York Attorney General Andrew Cuomo sued Ernst & Young over their involvement in the Lehman failure. EY was Lehman’s long time auditors and the firm is accused of “permitting Lehman to engage in an accounting fraud.” Hold on tight. It’s going to be a bumpy ride.
Some may say that tweaking New York Times reporters to make a point about auditor liability, especially one so prominent such as Andrew Ross Sorkin, may not be a great career move. But then you’re assuming my idea of a “career” is yours.
I call them as I see them, and the two blog posts in the [...]
This is a text of the speech today by Claudius Modesti, PCAOB Director of Enforcement and Investigations, for the AICPA’s Conference on SEC and PCAOB Developments.
I’ve written about the PCAOB’s request to have the Sarbanes-Oxley law changed to allow transparency in disciplinary proceedings. I’ve also written about the SEC’s recent action that effectively squelches timely disclosure [...]
Didn’t want to make you wait until Friday for this one.
The world of private equity, mergers and acquisitions advisory, and transaction services is a small one. Mix in troubled company restructuring, the turbo-charged atmosphere of Silicon Valley, and high tech, and the stew is a spicy mix of people and deals.
Ever wondered what it would be like to see your name in print? Most auditors do not aspire to seeing their name in the papers. It’s a career-limiting move to be cited in a bankruptcy examiner’s report or a disciplinary order issued by the PCAOB.
Cathleen Rittereiser asked me to review her new book, Top Hedge Fund Investors: Stories, Strategies, and Advice. Given my lack of objectivity about Cathleen’s fabulousness and minimal knowledge of the hedge fund industry, I asked a hedge fund industry veteran, David Fialkowski, to help me.
KPMG, external auditors for HBOS, were front and center in the controversy over written testimony from Paul Moore, HBOS’ former head of regulatory risk and a former KPMG partner. A guest posting on February 19, 2009 over at The Financial Times’ FT Alphaville blog.
Which bank should feel threatened by Assange and Wikileaks? I’m betting on Citigroup. And…Did you know the Federal Reserve Bank makes up its own accounting principles? Call it “Government GAAP”, but don’t call it fair value.
 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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