Archive for the ‘Food for Thought’ Category

Guest Post From Eric Starkman: The “Unvarnished” Truth About General Motors

By Francine • Apr 6th, 2014

GM is in trouble again and this time it’s worse than some weak internal controls or even a bankruptcy. Cost cutting may have discouraged the prompt replacement of faulty ignition switches now linked to at least 13 fatalities and the recall of 2.6 million vehicles. Are you still glad we bailed the company out?


The SEC’s AgFeed Complaint: No Restatement Means No Sarbanes-Oxley Clawback

By Francine • Mar 23rd, 2014

The AgFeed case is the mother lode for an SEC that says it’s ready to rack up some accounting fraud enforcement points and, perhaps, pursue a more aggressive enforcement approach to sparsely utilized Sarbanes-Oxley provisions like Section 304, clawbacks.


A Need for Transparency In Financial Staffing: A Guest Post From Dan Gaffney

By Francine • Mar 18th, 2014

According to Freelancers Union, almost one-third of the American workforce is independent. That’s nearly 42 million people and growing. The staffing industry, which should support the wave of new freelancers, hasn’t adapted since William Russell Kelly founded the Russell Kelly Office Service in Detroit in 1946.


Point-by-Point Case Comparison Of MF Global, Sentinel and PFG Best

By Francine • Feb 24th, 2014

Here’s a breakdown of some of what’s the same and what’s different about these three cases.


Are All Big Four Partners Evil Or Just Leadership? Pondering The Problem of Evil

By Francine • Feb 23rd, 2014

How do professionals forget what’s right and wrong? Adolf Eichmann was a “new type of criminal, who is actually hostis generic humani . . . [and] commits his crimes under circumstances that make it well-nigh impossible for him to know or to feel that he is doing wrong.”


Featured In Eric Jackson’s 2014 “Sleeper” Tips And Trends At Forbes

By Francine • Jan 7th, 2014

I’ve been a part of Eric Jackson’s annual “picks” post for Forbes for the last few years. Take a look at my “sleeper ideas” for 2014.



By Francine • Dec 18th, 2013

Stories that get stuck in your teeth.


New In Chicago Booth’s Capital Ideas Magazine: Big Four To Big Three

By Francine • Dec 13th, 2013

Could the audit industry, which thrives on a government mandate that subsidizes an oligopolistic business model, survive if we went, catastrophically, from four to three global firms?


Be Skeptical — Reporters Caught Not Fact-Checking Private Company Numbers

By Francine • Sep 29th, 2013

“Auditor-turned-journalist Francine McKenna, writing at Medium, has some cautionary advice for journalists on reporting unaudited and unverified financial information.”


Nothing SOx-y About SEC’s JP Morgan “Whale” Settlement

By Francine • Sep 23rd, 2013

If the JP Morgan “Whale” settlement was a true Sarbanes-Oxley success story, we’d see some bank executives going to jail. For a change.