• Author Archive

    Failure to Earn: What Scattershot Enforcement of Sarbanes-Oxley Clawbacks Tells Us About Paybacks Under Dodd-Frank

    By • Oct 20th, 2015

    I wrote at MarketWatch about the SEC’s proposed Dodd-Frank clawback rule.



    McKenna Interviewed On KPMG And FIFA By The Bottom Line Canada

    By • Oct 19th, 2015

    I was interviewed by The Bottom Line magazine in Canada back in June on KPMG’s role as auditor of FIFA.



    McKenna Interviewed By The FCPA Compliance and Ethics Report

    By • Oct 18th, 2015

    I was interviewed back in August by Tom Fox for his podcast on FCPA compliance and ethics issues.



    The NYDFS Case Against Promontory and the Bigger Problem of Big Four Bank Consulting

    By • Aug 23rd, 2015

    Bank regulators should start hiring the consultants that are responding to bank regulatory sanctions, consent decrees and NPA/DPA legal orders directly, and also strictly monitor them. It’s time to change for regulators to change their approach before another waste of time, money and public trust occurs.



    PCAOB’s Franzel Speaks to AAA; Are Auditors’ ICFR Opinions Just “Busy-Work”?

    By • Aug 9th, 2015

    Auditor opinions on ICFR are not only not being done well, they are not producing warnings for investors and regulators that a material error and restatement is likely. Worse than that, when auditors get them wrong they whitewash their mistakes.



    SEC News at MarketWatch

    By • Jul 19th, 2015

    On July 21 Dodd-Frank will be five years old. If I hadn’t been through the same thing with Sarbanes-Oxley now twice, I’d be more excited. But the partisan rancor on this law, especially at the SEC, is even worse.



    Looking Into SEC’s Equity Markets Structure Committee at MarketWatch

    By • Jul 5th, 2015

    My piece on the SEC’s new Equity Market Structure Advisory Committee, spanning several online pages, is now out at MarketWatch.



    re: The Auditors is now at MarketWatch

    By • May 31st, 2015

    May 18, 2015 was my first day on the job as a reporter for MarketWatch in Washington, DC, the sister online publication to the Wall Street Journal and Barrons that focuses on retail investors. Yes, I have taken a full-time journalism job and I have moved.



    Deloitte US First Female CEO; There’s More We Don’t Know

    By • Mar 2nd, 2015

    Wouldn’t it be nice if investors and other interested parties could look up new Deloitte US CEO Cathy Engelbert in a public and easily accessible registry and find out about all the audit clients where she has been a lead partner or a Quality Control partner? Has she ever been named in a lawsuit or been sanctioned? Let’s hope not.



    PwC Settles Campbell Overtime Case; Impact To Profession Is Happening Now

    By • Mar 2nd, 2015

    PwC recently agreed to settle the Campbell v. PwC overtime class action lawsuit pending in California. I first wrote about the case on October 25, 2007. Here’s an excerpt from my wrap-up at Medium.com.