|
||||||
 | ||||||
| ||||||
Picture Source
Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market.
I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon as any [...]
I guess the music’s stopped for Bear Stearns.
Good to see these highly paid guys, including Jimmy Cayne, working on the weekends, earning their millions.
The purchase of Bear Stearns by JP Morgan is a good thing for Deloitte and a pretty big deal for PwC. That’s because Deloitte loses a client, a problem client, a [...]
As we’ve seen from the comments on my PwC layoff post and other mail I’ve received, PwC is not the only one to be reducing staff via “counseling out” , “forced ranking” , “the Italian greyhounds ate the workpapers…”, or whatever other excuse they give. Both Deloitte and KPMG have also seen cuts, [...]
Beazer Update
It’s like the blind leading the deaf and dumb…
Beazer Exits Mortgage Business
February 1, 2008
Beazer Homes USA Inc. is getting out of the mortgage-origination business and has inked a marketing-services deal with Countrywide Financial Corp. that deemed the nation’s biggest mortgage lender the home builder’s preferred loan provider.
Beazer, which is in the process of restating [...]
New chief of BDO challenges Big 4
BDO International could be a “credible challenger” to the Big 4 accounting firms, according to its new head. Jeremy Newman, newly appointed chief executive of the company, told the Financial Times that he sees a large opportunity in the market but that becoming a fifth tier to the dominating [...]
re: The Auditors has been feeling a little under the weather the last few days, and therefore less inclined to write. This morning, just as I was starting to feel a little better and ready for some warm oatmeal and apple juice, I saw this story in the Financial Times. It was enough to send [...]
Senator Charles Schumer has a lot of nerve. He also has a strong belief that the US public is naive and gullible. At best, it’s comical that Senator Schumer is demanding action on the sub prime crisis from the accounting firms. After all, they pay him to protect their interests, not the other way around. [...]
 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, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. Your firm can sponsor this specialized news site. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
|
