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My latest column is up at American Banker, “Are Cozy Ties Muzzling S&P on MF Global Downgrade?” You may recall the last time I wrote about MF Global. Something about a “rogue” trader.
My American Banker column on Tuesday focused on the risks to banks, their audit committees, and shareholders of an auditor who blows off its regulator. Deloitte’s ongoing conflict with the PCAOB poses the risk of undue scrutiny by other regulators and unwanted publicity to all its clients.
I visited North Carolina State University in mid-October at the invitation of Professor Scott Showalter, a retired KPMG partner. Here’s the speech and a few good links for professors and accounting students.
The Sarbanes-Oxley Act of 2002 and Dodd-Frank’s clawback provision both require a restatement. The restatement of financial results to correct material errors – whether those errors occurred by default or by design – is a necessary condition for enforcing both the Sarbanes-Oxley Section 304 provision and the new Dodd-Frank law.
This post was originally published three years ago on September 17, 2008. Given everything that is going on – ongoing investigation of EY’s role in Lehman collapse, more lawsuits against the Big 4 audit firms for crisis failures, disclosure of Deloitte’s failings as an auditor as far back as 2006 – I thought it may [...]
Here are my ten steps to building my blog community. They might not work for everyone, but they’ve worked for me. This is not meant to be an all-inclusive list or all the details. Please let me know if you have any questions or want to dig into a subject further.
Executive search is a lot like the real estate business. Headhunters, with very few exceptions, like realtors, are getting paid by the seller or the company that is selling the job that you, as a candidate, are buying. The best ones manage this ethical dilemma well, especially when the compensation package, like the purchase price of [...]
I’m working a double shift this week covering two important conferences in Chicago.
The 27th Annual Futures Industry Association Futures and Options Expo starts Monday night and runs through Thursday at the Hilton on South Michigan Avenue. I’m really looking forward to the networking sessions, courtesy of my media pass under Forbes.com. Also in town this week is the Mortgage Bankers Association Annual Conference. This promises to be very interesting, especially in light of my new assignment as a columnist for American Banker.
My latest column, “Banks Hire Friendlies for ‘Independent’ Foreclosure Reviews”, is on line now at American Banker’s BankThink.
The topic of audit industry reform is hot again. OK, that’s relative to where you stand on what’s hot. But in the world of legal and regulatory compliance and auditors the only thing hotter would be a significant development in the New York Attorney General’s case against Ernst & Young.
 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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