Guest Post: Is Assurance Required For XBRL- Based Financial Reporting?
By Francine • Jan 16th, 2011Another in a continuing series on XBRL, an open standard for exchanging business information between systems.
Archive for the ‘The Big 4 And Consulting’ Category
The XBRL Mandate: Opportunities, And Threats, For Non-Big 4 Auditors
By Francine • Jan 2nd, 2011In 2011, the vast majority of public companies – those with market caps under $75 million – are required to file their 10-K and 10-Q with the SEC in XBRL for the first time. Is this another mandate translating into more business for the Big 4 or an opportunity for other audit firms to specialize and capitalize? A guest post from Daniel Roberts.
@Forbes: Did Deloitte Compromise Independence in the McClellan Insider Trading Scandal?
By Francine • Dec 8th, 2010Didn’t want to make you wait until Friday for this one.
The world of private equity, mergers and acquisitions advisory, and transaction services is a small one. Mix in troubled company restructuring, the turbo-charged atmosphere of Silicon Valley, and high tech, and the stew is a spicy mix of people and deals.
HBOS, KPMG and Their Problematic Whistleblower
By Francine • Dec 5th, 2010KPMG, external auditors for HBOS, were front and center in the controversy over written testimony from Paul Moore, HBOS’ former head of regulatory risk and a former KPMG partner. A guest posting on February 19, 2009 over at The Financial Times’ FT Alphaville blog.
The Big 4 Pro-IFRS Campaign Has Flaws
By Francine • Nov 20th, 2010“IFRS For Everyone” is not just another well-crafted campaign for a government-sanctioned “next big thing” to sustain the Big 4’s untenable, unsustainable, obsolete business model that produces a, purported by some, worthless product. The Big 4 are bringing their best and brightest minds, from all over the world, to the US to evangelize their colleagues and transform their clients. Deloitte has partner Nick Difazio on the job.
Marin County Dumping SAP. Still Suing Deloitte. Stay Tuned.
By Francine • Sep 6th, 2010Marin County’s suit against Deloitte is a “game changer,” one “that has the potential to reshape important aspects of the systems integration business…” Now they’ve decided to dump SAP and ZDNet”s Michael Krigsman thinks that move may be motivated more by the lawsuit than by sound strategy.
PricewaterhouseCoopers Trying To Buy Consulting Revenue Again With Diamond Deal
By Francine • Aug 26th, 2010When 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.
Sarbanes-Oxley Insights: An Interview With Bob Hirth of Protiviti
By Francine • Jan 28th, 2010Protiviti is currently soliciting feedback for its new Sarbanes-Oxley Insight Survey.
The results of this survey promise to provide valuable and important insight into the current state of Sarbanes-Oxley compliance for all types of organizations.
Roopen Roy, Deloitte India, On Audit Firm Mergers
By Francine • Jan 21st, 2010My friend Roopen Roy’s most recent column for MyDigitalFC.com is entitled, “Why Mergers In FirmsFall Apart.” Roopen Roy is the Managing Director, Deloitte Consulting, India.
Sarbanes-Oxley For Everyone: To Be Or Not To Be? (With Postscript)
By Francine • Nov 24th, 2009Sarbanes-Oxley (SOx) made law what is best practice for all public companies or companies that issue public debt. That includes “smaller” companies.
Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, 