• Archive for the ‘Pure Content’ Category

    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.



    Deadline December 15: Support This University of Notre Dame Accounting Grad Salary Survey!

    By • Dec 10th, 2014

    The University of Notre Dame is conducting a large-scale study to explore accounting graduates’ first full-time employment positions and starting salaries following a degree in accounting. It doesn’t matter how long ago you graduated. All are welcome. Will you help?



    Piling Up For PwC

    By • Nov 18th, 2014

    Update: The PCAOB is investigating PwC for its tax avoidance advice to Caterpillar, the Wall Street Journal is reporting. One down, more than 100+ PwC audit clients advised via Luxembourg to go…



    New At Forbes Online: The Precarious Financial Position Of The New York Times

    By • Nov 11th, 2014

    Update: This column was linked to by the NYT Public Editor! I published some New York Times numbers over at Forbes.com, “Time Is Running Short For The New York Times”, in anticipation of the company’s 3Q earnings announcement on October 30.



    18-Year Old Anthony Canalungo Questions Herbalife, And PwC, On Exchange Rates

    By • Sep 23rd, 2014

    Anthony Canalungo wrote a really interesting article about Herbalife’s financials in Venezuela. Three different MLM companies from the peer group in addition to Herbalife operating in Venezuela and all except for Herbalife are using SICAD 2. What else do these four firms have in common? Auditor PwC.