• Author Archive

    MarketWatch 2018 Stories That Packed A Punch

    By • Jan 13th, 2019

    A wrap-up of my writing in 2018 on three topics I’d been following that reached a climax last year — Theranos, FDIC v. PwC and KPMG/PCAOB inspection data theft— and three more where my reporting resulted in a legal or regulatory impact on the companies—ADT, Symantec, and IGC.



    Speaking Engagements/Conferences

    By • Jan 11th, 2019

    Coming up early next year: I’ll be attending the AAA-Audit Section Midyear in Nashville. get in touch if you want to talk about your research. In March students and faculty from the Ohio State MAcc program will visit me, for a change, in Washington D.C at the WSJ/MarketWatch newsroom. At the end of March I’m invited to present to the “Tuesday Seminar” for journalists in the Columbia University Graduate School of Journalism Knight-Bagehot Fellowship program about reporting on corporate fraud.



    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.