Author Archive

My Latest Forbes Magazine Article: “The Madoff of Munis”

By Francine • Jun 11th, 2013

Taxpayers are getting killed. I think municipal bondholders are next.

Share


Early Returns: Scott London, KPMG and Another Partner Trading On Inside Information

By Francine • Apr 15th, 2013

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.

Share


JPMorgan Chase, And Dimon, Starting To Sweat About Everything

By Francine • Apr 3rd, 2013

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.

Share


Video Posted: McKenna Speaks At AAA-Accounting Program Leaders Group Annual Meeting

By Francine • Mar 19th, 2013

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.

Share


McKenna Interviewed By Public Relations Site Gorkana

By Francine • Mar 18th, 2013

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.

Share


Deloitte And Wall Street Journal Exclusive For Sponsored Content

By Francine • Mar 14th, 2013

The Wall Street Journal has been accepting sponsored content, in an exclusive contract with Deloitte, for a while for its CFO Journal, CIO Journal and now a new publication, Risk & Compliance Journal. You may not have noticed. It’s getting harder and harder to tell the difference between news and advertising.

Share


How Deloitte US May Be Held Liable For ChinaCast Fraud

By Francine • Feb 28th, 2013

What’s different about this Chinese fraud lawsuit is that it names a US Big Four firm as a defendant. Not only has that not been done before but the US firms have traditionally been able to insulate themselves fairly successfully from frauds that happen abroad. It’s that global network “thang”.

Share


McKenna Speaks to Market Technicians Association Chicago

By Francine • Feb 20th, 2013

On February 19, 2013, I spoke to the Chicago Chapter of the Market Technicians Association. The topic was, “Risk 2013: Protecting Your Trading Accounts From Fraud”.

Share


Tax Pays: HP Pays Ernst & Young Two Million To Testify

By Francine • Feb 18th, 2013

The issue of tax avoidance by corporations is a hot one. In the US and in the UK, legislators and pundits seeking “tax justice” have changed the discussion from one of tax breaks that stimulate “jobs and growth” to one of tax fairness to provide much needed funds for public works and public commitments in times of economic hardship. The Big Four audit firms play all sides like a fiddle.

Share


Keeping Up With PwC’s Audit Clients

By Francine • Feb 7th, 2013

You can’t throw a rock at a fraud or scandal nowadays without hitting three, sometimes all four, of the largest global audit firms providing one service or another. The Big Four global accounting firms make money whether clients survive and thrive or flail and fail.

Share