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Two new blog posts at University of Chicago Booth School of Business Capital Ideas blog. One is about public company CEOs who buy luxury items and break the law and the other is about auditor reputation. Now I need an example of a thrice-married and divorced audit partner with a gambling or drug addiction who owns a Ferrari and a private jet…
Multinationals are under increasing scrutiny for income shifting and offshoring profits. I reported on the issues and U.S. legislative status in December in Accountancy, a magazine for the profession in the UK.
BLBG publishes the Advocate for Institutional Investors, a quarterly newsletter which contains reporting and analysis of the latest securities and corporate law issues. The Advocate often features articles by the management and general counsel of some of the largest public pension funds in the country, as well as some of the nation’s premier securities litigators. This Spring the magazine also features my writing on the subject of private litigation against audit firms.
This compilation, Part One, covers the period from April 4 – when the David Sokol scandal hit – to May 3, 2011 when I attended the Berkshire Hathaway Annual Meeting in Omaha, Nebraska.
The Wall Street Journal has been accepting sponsored content, in an exclusive contract with Deloitte, for a while for its CFO Journal, CIO Journal and now a new publication, Risk & Compliance Journal. You may not have noticed. It’s getting harder and harder to tell the difference between news and advertising.
I thought after all that had happened at JPMorgan Chase last year – for example, billions in losses from the “whale” trade, investigations into Libor and AML illegal acts, multiple lawsuits including by the New York Attorney General for foreclosure fraud – someone would take a close look at internal audit and, maybe, make some big changes. I was wrong.
I asked Alys Cohen of the National Consumer Law Center what I can say when people ask me what to do about their foreclosure or mortgage modification nightmare.
Deutsche Bank may have avoided a bailout by the German government but borrowed billions from the US Federal Reserve and various programs during this period. So much for avoiding a bailout by pretending there was no risk of catastrophic losses during the financial crisis.
I was asked to talk about HP and Autonomy tonight on NPR’s “All Things Considered” program.
I taped an episode of the Keiser Report last week while in New York. The focus was Jamie Dimon with a bit of MF Global thrown in for heat. Max Keiser, the host, asked me this question: Why does Jamie Dimon of JP Morgan Chase still have a job?
 Francine McKenna (@retheauditors on Twitter) is a CPA, writer, speaker and subject matter expert with 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. She is a two-time Gerald Loeb Award finalist and a frequently quoted freelance journalist. For more info, click the "About" link at the bottom of this page. |
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