• Author Archive

    Speaking Engagements/Conferences

    By • Nov 30th, 2018

    Coming up early next year: A special visit to George Mason’s Scalia Law School in January to talk auditor liability to future lawyers and then a “Tuesday Seminar” on forensic accounting for journalists for the Columbia University Graduate School of Journalism Knight-Bagehot Fellowship program.



    Update: KPMG: Whittle and Holder Plead Guilty

    By • Nov 28th, 2018

    KPMG partner Thomas Whittle broke ranks on October 29 and pleaded guilty to all five criminal charges. He is now cooperating with prosecutors. Do you have more information about this case? Leave a comment here, one I can leave unposted, if you wish to communicate confidentially or DM me on Twitter @retheauditors for Signal encrypted confidential messaging instructions.



    A Requiem for Independent Audits: The Last Days of Theranos

    By • Oct 21st, 2018

    Looks like the Theranos investors decided that audits are worthless, even if the cost is some “immaterial to them” fraud losses.



    McKenna at Grant’s Interest Rate Observer 35th Anniversary Conference

    By • Oct 13th, 2018

    It was a great conference and I have now posted the slides.



    Gee! No, GE!

    By • Sep 2nd, 2018

    A wrap-up of writing about GE since 2011.



    New research: Accounting students are not generally psychopaths but some slip through

    By • Sep 2nd, 2018

    New academic research says accounting students are less likely to be psychopaths who will commit fraud but surprising admissions by some suggest a reason to be wary.



    New Stories about the KPMG-PCAOB Scandal

    By • Aug 27th, 2018

    “Innovation demands risk-taking… which, in turn, entails redefining failure, stripping away its power to inhibit.” Chairman and CEO of KPMG Lynne Doughtie



    Mick Mulvaney, the CFPB and a “thing”

    By • Apr 29th, 2018

     Warning:  Coarse language, because we may get a lot of snow in Chicago but we’re no snowflakes. Last week I went to an American Bankers Association Conference for bank government relations executives. I wrote a story about some things that Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau (and also a cabinet member […]



    Another Update on the Case of FDIC v PricewaterhouseCoopers re: Colonial Bank

    By • Apr 8th, 2018

    On February 28 the US Justice Department fined Deloitte & Touche LLP $149.5 million for alleged fraud against the government related to its role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. Also: The damages phase of the FDIC v. PwC case regarding Colonial Bank is set to begin in Washington DC on March 20.



    McKenna at The Frunchroom

    By • Oct 2nd, 2017

    She’s a native South Sider, and she definitely traveled the longest distance to be at the show at Beverly Arts Center. Guess who?