Author Archive

Upcoming Speeches and Appearances: Fall 2010

By Francine • Sep 1st, 2010

You can read my stories here. This fall you can also see me talk about these stories live. And you can support my coverage of key conferences that will produce new stories about the audit firms and accounting profession.

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re: The Auditors In The Columbia Journalism Review for KPMG/Countrywide/New Century Coverage

By Francine • Aug 27th, 2010

Dean Starkman edits The Audit, a critique of the business press at the Columbia Journalism Review.
I had the good fortune to be cited recently – it’s the fourth time if you’re keeping count – by The Audit and Starkman for my coverage of KPMG’s settlements of their Countrywide and New Century litigation.
Speaking of accounting—Re: The [...]

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Professional Rogues

By Francine • Aug 26th, 2010

This post originally appeared at GoingConcern.com on August 26, 2009.
I’ve added updates and additions where available.
Insider trading. Fraud. Money laundering. Falsifying documents. Embezzlement. Tax shelter abuses.
Some say I’m too negative about the audit industry. Occasionally I’m accused of making things up.
Ha.
Not only is everything I tell you true, but the truth of what these [...]

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PricewaterhouseCoopers Trying To Buy Consulting Revenue Again With Diamond Deal

By Francine • Aug 26th, 2010

When Mark O’Conner of Monadnock Research asked for my initial reaction to the deal I had to admit I hadn’t thought much about it. Diamond Technology, a true-blue Chicago born and bred company, is small potatoes. They never achieved the billion dollar revenue goals the founder had envisioned. PwC has potentially bought a pig in a poke.

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McKenna To Speak At West Florida ISACA Chapter September 10-11

By Francine • Aug 25th, 2010

I have been invited to speak September 10 and 11 at the West Florida (Tampa) ISACA Chapter’s Fall Seminar. I will be leading an extensive program covering several topics for a total of 7+ hours of CPE.
For more information and to register, go here.
Agenda:
Friday Full Day
Conversations Rule Part I: Employees Are Driving Your Company’s Brand And [...]

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Do It Yourself SEO: My Essay for Sundayed.com

By Francine • Aug 23rd, 2010

I’m writing about once a month for a journal of friends called Sundayed. It gives me a chance to stretch my wings and write about topics other than the accounting industry.
I hope you’ll take a look.
“…I attribute much of what I’ve accomplished to measurement, first and foremost.  I’ve used Statcounter.com as a primary metrics tool since [...]

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@FEI Blog: The Problem With The Non-CPA CFO

By Francine • Aug 21st, 2010

I made another guest post at the blog for Financial Executives International.  My BBF (best blogger girlfriend) Edith Orenstein is on vacation.  The post is cross-posted over at accountingWEB, because Edith is so good and so popular.  She’s been my go-to girl for a while when it comes to technical accounting support and general navigation [...]

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Hey Big 4! My Expectations Are Already Low

By Francine • Aug 21st, 2010

Call me incredulous, but the Big 4’s public relations professionals may be on to something. Set the bar low, tell us what the Big 4 can’t do, won’t do, want to make you believe they have no responsibility to do, and maybe everyone will leave them alone. Then they can go back to making money [...]

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McKenna to Speak September 15 at New York County Lawyers Association

By Francine • Aug 20th, 2010

I have been asked to participate on September 15, 2010, 6-9 pm in New York City (14 Vesey Street, 2nd Floor Auditorium) on a panel to discuss, A Crisis of Our Own Design, with Floyd Norris, Chief Financial Correspondent, New York Times and Anton Valukas, Lehman Bankruptcy Examiner, Chairman, Jenner & Block.
The program is sponsored by the NYCLA [...]

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Settling For Silence: KPMG Closes The Books On New Century And Countrywide

By Francine • Aug 18th, 2010

It’s no coincidence that settlements were announced less than a week apart for both New Century and Countrywide. As two of the earliest subprime failures, all parties were probably anxious to clear some clutter and make room for other matters. But with no trials, the truth about KPMG’s role in both Countrywide and New Century will be buried.

How many others of the financial crisis bankruptcies, bailouts, takeovers and nationalizations were the subject of a bankruptcy examiner’s report, complete with juicy details about the auditors’ role?

None.
But now there’s Washington Mutual.

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