Archive for the ‘Food for Thought’ Category

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

By • 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 • 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 • 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.



Updated Review of Connaughton’s “The Payoff”

By • Aug 25th, 2013

An updated review of Jeff Connaughton’s great book from last year, “The Payoff: Why Wall Street Always Wins” over at Medium.com and some more books to read before summer’s over.



On Herbalife And The Slow Death Of Value Investing

By • Aug 3rd, 2013

Big egos making shares move by waving their wands. That makes picking stocks based on fundamental analysis more than slightly anachronistic. A bit about Herbalife…



Cosmology Themes in Modern Literary Fiction

By • Jul 25th, 2013

This is the final paper from my first University of Chicago MLA class, “The New Cosmology”. There are some recommendations for summer reading if you are interested in literary science fiction. (As if I didn’t have enough writing to do…)



Unfrugal, Lawbreaking CEOs and Auditor Reputation: New At University of Chicago Booth School of Business

By • Jul 15th, 2013

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…



McKenna Writes For Accountancy On Offshore Profit Shifting By Multinationals

By • May 1st, 2013

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.



McKenna Writes For “Investor Advocate” From Law Firm Bernstein Litowitz Berger & Grossman

By • Apr 23rd, 2013

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.



Deloitte And Wall Street Journal Exclusive For Sponsored Content

By • Mar 14th, 2013

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.