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Amazing but true, the MF Global story is still red hot, reason being $1.2 billion in customer funds is still missing. Here’s a recap of recent columns at Forbes and American Banker that have tracked new developments.
Lots of news and updates on MF Global, PricewaterhouseCoopers, JP Morgan, Jamie Dimon and the politics of money.
View the story “The Plot Thickens: The House Financial Services Committee MF Global Hearing ” on Storify]
Yesterday, The Financial Times asked me to comment on the Enron anniversary. Last week, it was the Houston Chronicle. So Arthur Andersen’s demise is ten years behind us. Today, I re-post one of my first, from October 13, 2006, which presents my thoughts from that time. As I re-read it today, how little has truly [...]
This post is reprinted from Thanksgiving Day 2008, November 27.
Every once and a while I have to take off my re: The Auditors hat and put on the fancy dress of a typical member of a large urban, Catholic, ethnic, up-from-the-working-class family.
We celebrate the traditional holidays like anyone else although, like anyone else, they [...]
Let’s not forget PricewaterhouseCoopers, MF Global’s auditors.
When it comes to hands-on access to private information, the auditor has more than any other regulator mentioned. And they are supposed to be experts in that client’s business and in the accounting and auditing standards for that industry. PwC also audits JP Morgan, Bank of America Merrill Lynch, and Goldman Sachs. They are all large players in the futures brokerage industry.
Here are my ten steps to building my blog community. They might not work for everyone, but they’ve worked for me. This is not meant to be an all-inclusive list or all the details. Please let me know if you have any questions or want to dig into a subject further.
My trusted investor “straw man” reminded me that GM’s current stock price is much lower than the IPO price and far short of the target for a U.S. Treasury breakeven on the investment. That’s an easy story to write.
Sarbanes-Oxley was supposed to end financial scandals once and for all. Will Dodd-Frank succeed where it failed? My OpEd for Boston Review is online today, Monday, August 22, 2011.
This is an experiment using a tool called Storify that combines text and Tweets. I’m not sure yet how to get the formatting perfect, but I thought you might like to see the results.
 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 |
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