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It’s important for the integrity of the capital markets to assign individual responsibility for audit failures. We need to see the key partners’ names and their career histories because recidivist partners are hiding behind the firms which are very good at dodging general liability.
I’m writing for the University of Chicago’s Booth Graduate School of Business Capital Ideas Magazine and blog now, too. The purpose is to highlight faculty research.
David Levitt of the Society of Professional Journalists Region 1 in New Jersey
asked me back in April to answer a few questions for a conference panel I, unfortunately, could not attend live.
Taxpayers are getting killed. I think municipal bondholders are next.
Here’s where I’ll be and where I’ve been. I’ve added a link to the text from my speech at Texas Tech this past week and a link to an interview in March with Broc Romanek at TheCorporateCounsel.net blog on aduit industry developments.
This is the fourth big insider trading case in the least few years against a senior tenured partner that betrayed the public’s trust. In none of the cases did the firm’s “extensive” and “comprehensive” independence compliance programs spot the behavior or the illegal actions. Stay tuned. There will be much more to this story, I guarantee.
I put two new columns up at Forbes recently that talk about JPMorgan, PwC, Senator Levin’s “Whale” hearings, and all the other stuff JPMorgan and Jamie Dimon are really worried about.
This compilation, Part One, 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.
I’m in San Diego at the Accounting Program Leaders Group/Federation of Schools of Accountancy annual seminar. I spoke Sunday on the profession and its professionals.
Gorkana covers the latest industry news for the PR and corporate communications community. I spoke to Social Media Executive Ebunola Adenipekun last fall about the evolution of this blog, its relationship to its readers and my interactions with the public relations, corporate communications community.
 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. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
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Smaller cities and smaller firms with industry niches value prior...