Author Archive

Speaking Engagements/Conferences

By • Mar 23rd, 2015

Next Up: Roosevelt University speaking to business students this Wednesday, March 25th. “The Future of Public Accounting: What Does That Mean For Students”. Public invited. 425 S. Michigan Ave., 6th Floor, Room WB-611, 4:30 -5:30. Reception with food and drink follows.



Deloitte US First Female CEO; There’s More We Don’t Know

By • Mar 2nd, 2015

Wouldn’t it be nice if investors and other interested parties could look up new Deloitte US CEO Cathy Engelbert in a public and easily accessible registry and find out about all the audit clients where she has been a lead partner or a Quality Control partner? Has she ever been named in a lawsuit or been sanctioned? Let’s hope not.



PwC Settles Campbell Overtime Case; Impact To Profession Is Happening Now

By • Mar 2nd, 2015

PwC recently agreed to settle the Campbell v. PwC overtime class action lawsuit pending in California. I first wrote about the case on October 25, 2007. Here’s an excerpt from my wrap-up at Medium.com.



When Auditors Get Mixed Up In M&A, Smaller Clients Get Hurt

By • Feb 3rd, 2015

A new study says smaller public companies are paying a premium for the prestige of a Big Four auditor but the auditors are dangling small clients as chum for their large acquisitive shark audit clients.



Journalists’ Obligations In The Shareholder Value Maximization Debate

By • Jan 14th, 2015

I wrote about two journalists who penned sympathetic stories about shareholders and other stakeholders who can’t get their voices heard but who, in service to shorter and simpler narratives, paid short shrift to the active and contentious debate about shareholder primacy and shareholder value maximization.



Auditors Can Be Whistleblowers: A Guest Post On Recent Developments In Whistleblower Case Law

By • Jan 5th, 2015

Several recent developments regarding auditor whistleblowers should be of interest to internal and external auditors and compliance professionals, whether they work for a public company or a professional services provider.



Duped By Fake Documents? All In A Day’s Work For Some Journalists

By • Jan 3rd, 2015

I could not resist writing at Medium.com about the teen trader who recently duped a journalist from New York magazine into believing he had made $72 million trading gold and other alternative assets. It’s not like auditors don’t get fooled every day by fake documents.



“Tax Avoidance On An Industrial Scale” Says British MP About PwC’s Luxembourg Work For AIG And Others

By • Dec 10th, 2014

British MP Margaret Hodge grilled Kevin Nicholson, of PwC’s UK tax practice, in a Parliament Public Accounts Committee hearing on Monday. You know you’re on your “back foot” when the first thing out of your mouth has to be a denial that you lied under oath. More details about PwC’s tax avoidance scheme for audit client and US government owned AIG.



Deadline December 15: Support This University of Notre Dame Accounting Grad Salary Survey!

By • Dec 10th, 2014

The University of Notre Dame is conducting a large-scale study to explore accounting graduates’ first full-time employment positions and starting salaries following a degree in accounting. It doesn’t matter how long ago you graduated. All are welcome. Will you help?



Piling Up For PwC

By • Nov 18th, 2014

Update: The PCAOB is investigating PwC for its tax avoidance advice to Caterpillar, the Wall Street Journal is reporting. One down, more than 100+ PwC audit clients advised via Luxembourg to go…