Author Archive

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…



Luxembourg Tax Leaks Put PwC On The Defensive

By • Nov 13th, 2014

My latest column at Medium.com responds to PwC’s #LuxLeaks defenses: Illegal docs, legal advice. I also raise the obvious auditor independence issues which no one else is reporting.



Support This University of Notre Dame Accounting Grad Salary Survey!

By • Nov 11th, 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?



New At Forbes Online: The Precarious Financial Position Of The New York Times

By • Nov 11th, 2014

Update: This column was linked to by the NYT Public Editor! I published some New York Times numbers over at Forbes.com, “Time Is Running Short For The New York Times”, in anticipation of the company’s 3Q earnings announcement on October 30.



Update: The Shoemaker’s Children… The Big Four And Their Own Broker-Dealers

By • Oct 27th, 2014

Did you know that each of the Big Four audit firms and some of the next tier also run SEC-registered broker-dealers? You’ll never guess who audits them.



McKenna At Medium: Two New Columns For the Bull Market Collection

By • Oct 18th, 2014

I’m part of a group effort at Medium.com called “Bull Market”. The first two columns are about taxes—the inversionist avoidance kind and one corporation’s horrible allergy to them.



Speaking Engagements/Conferences

By • Oct 18th, 2014

The fall agenda is filling up – a trip to Washington DC next week for two great conferences, a PCAOB SAG meeting in November in DC, but first a speaking engagement at UIC this weekend. Don’t forget back-to-back, Springfield and Chicago, for the Illinois CPA Society on auditor litigation.



Reminiscing About The First Too Big To Fail Bank – Continental Bank

By • May 10th, 2014

There’s a conference planned for next week, May 15, at Gleacher Center in Chicago, “30 Years After the Failure of Continental Illinois Bank: Have We Solved Too Big to Fail?” I wrote about my experience at CINB, my first job, for American Banker back in 2011.



An e-Book: Warren Buffett and Berkshire Hathaway: Corporate Governance and The Sokol Affair

By • May 10th, 2014

This compilation covers the period from April 4 – when the David Sokol scandal hit – to May 3, 2011 when I attended the Berkshire Hathaway Annual Meeting in Omaha, Nebraska.



e-Books On MF Global, AIG, Goldman Sachs, PwC and Careers

By • Mar 30th, 2014

The MF Global Holdings Bankruptcy Plan Administrator filed a lawsuit on March 29 for professional malpractice and breach of contract against PwC as auditor of MF Global Holdings. I will be writing about the complaint and the status of the case early next week. In the meantime, you can review all I’ve written prior. I’ve updated this post with additional links as well as a link to my e-book compilation of MF Global columns from all sources that has material going back to its roots in the Refco fraud.