Author Archive

If The President Does It, It’s Not Illegal…

By Francine • Feb 24th, 2009

I receive some amazing email. Most does not make it to the site. It’s either too “out there”, too personal, or was meant for my eyes only. Everything informs me, however. Rest assured, if you want to share, I’m here and I’m discreet. I will ask first before reprinting and I do not reprint in full unless I can verify identity.

I’m making an exception in this case. “Jane ” wrote to me last night and the letter was so well documented and so detailed that I could not resist. Perhaps it was a bit of ego on my part. “Jane” believes I have started a movement and wonders why the revolution is not yet televised.

Me too.

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McKenna Quoted in ZDNet

By Francine • Feb 20th, 2009

“Long projects can indicate unclear goals, out-of-control requirements, and inconsistent government oversight. Without proper monitoring, external vendors can make a killing on extended projects. California must diligently manage these risks.” ZDNet IT Project Failures Column, Mike Krigsman, February 19, 2009
Link to this story on Duration reporting in California’s IT strategic plan
More quotes in ZDNet here, here, [...]

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The Auditors’ Chinese Wall – Is SOx Still A Keystone?

By Francine • Feb 20th, 2009

When the Sarbanes-Oxley Act was passed in the summer of 2002, largely as a rushed reaction to Enron, it did get a few key things right. We can’t allow time, or fuzzy academics, to let us forget the good reasons for having made them.

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Upcoming Webcast of Interest

By Francine • Feb 19th, 2009

Securities Docket hosted a webcast 2/24 entitled, “Liability of Professionals in the Financial Crisis” featuring Stuart Grant of Grant & Eisenhofer P.A. and Michael Young of Willkie Farr & Gallagher LLP.

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BearingPoint – An Era Ends, For Now

By Francine • Feb 18th, 2009

Many of you know I have a long and strong connection with BearingPoint. So it was with great regret that I Tweeted early this morning that they have filed for Chapter 11 bankruptcy protection.

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Welcome To re: The Auditors

By Francine • Feb 17th, 2009

If you’re seeing this post then you’re looking at the new re: The Auditors, coming to you from still chilly Chicago and the re: The Auditors headquarters, the “Original” Ferrara Bakery, Taylor Street, not that faker in some supposedly old Italian neighborhood in New York.

Although the New York version does make a great chocolate cannoli. I tried one a week ago Saturday in Central Park. The other Ferrara Bakery New York has a kiosk at the entrance to the park near Columbus Circle. A coffee and a cannoli, and a beautiful day in the park with one of my favorite people… What more could a girl wish for?

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Compliance Week Conference June 2008

By Francine • Feb 15th, 2009

For the second year in a row, re: The Auditors took her sharp eyes, pen and stilettos to the Mayflower Hotel in Washington DC in early June for the Compliance Week 2008 Conference.

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McKenna Quoted In BNA

By Francine • Feb 15th, 2009

…existing disclosures under FAS 5 ‘‘downright hide, obfuscate, and thumb their noses at the need for investors to know what’s going to happen to their investment.’’ BNA Accounting Policy and Practice Report, Vol. 4, No. 17, August 2008.
Link to information about this BNA report.
Link to my story and more on FAS 5 here and here.

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McKenna Quoted in The Seattle Post-Intelligencer

By Francine • Feb 15th, 2009

“…some firms have used their interpretation of the law as a club against their clients.…winning a significant portion of Boeing’s internal audit contract, worth millions, was a major triumph for PricewaterhouseCoopers in 2006.”
Link to Seattle Post-Intelligencer story
Link to my story re: Boeing, Sarbanes-Oxley

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McKenna Quoted In The Financial Times

By Francine • Feb 15th, 2009

“Companies will need a lot of consulting help to implement XBRL and incorporate into the new Reg FD [fair disclosure rules] suggestions to do more with their websites and investor relations blogs.” Financial Times, August 19, 2008 in reference to SEC’s unveiling Interactive Data Electronic Applications (Idea).
Link to Financial Times story
Link to my story on [...]

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