• Archive for the ‘Pure Content’ Category

    Best Case Yet For Publishing Audit Partner Names: Grant Thornton’s Koeppel

    By • Dec 14th, 2015

    The PCAOB will vote on final rule based on its proposal on Tuesday Dec 15. If audit partner names were published in the audit report, or anywhere, the public, audit committees, investors and journalists could stop lousy auditors in their tracks. Melissa Koeppel of Grant Thornton is the best case yet for making audit partner names and their engagement history, disciplinary history, and litigation history public.



    The Case of Valeant; Not Over By a Long Shot

    By • Nov 2nd, 2015

    Now that Valeant has cut off the gangrenous Philidor arm, we may never know the true extent of any accounting manipulation or fraud. And then again it may all come out when the rest of the organization is scrutinized. I’d say be prepared for big inventory writeoffs, or maybe even a restatement.



    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.



    New Orleans January 2008: "He leadeth me beside still waters…"

    By • Aug 29th, 2015

    I went to New Orleans in January 2008 for a few weeks to work with Habitat for Humanity building new houses. Here’s a slide show of what I saw three years after Katrina in the 9th Ward New Orleans LA.¬† Just went down on my own and joined a random group. ¬†There was still a […]



    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.



    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.



    When Auditors Get Mixed Up In M&A, Smaller Clients Get Hurt

    By • Feb 3rd, 2015

    A new study says smaller public companies are paying a premium for the prestige of a Big Four auditor but the auditors are dangling small clients as chum for their large acquisitive shark audit clients.



    Journalists’ Obligations In The Shareholder Value Maximization Debate

    By • Jan 14th, 2015

    I wrote about two journalists who penned sympathetic stories about shareholders and other stakeholders who can’t get their voices heard but who, in service to shorter and simpler narratives, paid short shrift to the active and contentious debate about shareholder primacy and shareholder value maximization.



    Auditors Can Be Whistleblowers: A Guest Post On Recent Developments In Whistleblower Case Law

    By • Jan 5th, 2015

    Several recent developments regarding auditor whistleblowers should be of interest to internal and external auditors and compliance professionals, whether they work for a public company or a professional services provider.



    “Tax Avoidance On An Industrial Scale” Says British MP About PwC’s Luxembourg Work For AIG And Others

    By • Dec 10th, 2014

    British MP Margaret Hodge grilled Kevin Nicholson, of PwC’s UK tax practice, in a Parliament Public Accounts Committee hearing on Monday. You know you’re on your “back foot” when the first thing out of your mouth has to be a denial that you lied under oath. More details about PwC’s tax avoidance scheme for audit client and US government owned AIG.