• Archive for the ‘Latest’ Category

    TBW Plan Trustee v. PwC: A Look at What Led To It and What’s Next

    By • Sep 25th, 2016

    Here’s a brief look at the TBW Plan Trustee v. PwC trial, what led to it and what’s next.

    @MarketWatch: IEX Becomes an Exchange

    By • Jun 26th, 2016

    Word got out early that the SEC would approve IEX’s application to become a stock exchange on Friday the 17th. As usual, the leak traveled to the big media outlets earlier that week and then the rest of us waited for announcement from the SEC all day.

    When Auditors Get Mixed Up In M&A, Smaller Clients Get Hurt

    By • Feb 3rd, 2015

    A new study says smaller public companies are paying a premium for the prestige of a Big Four auditor but the auditors are dangling small clients as chum for their large acquisitive shark audit clients.

    Auditors Can Be Whistleblowers: A Guest Post On Recent Developments In Whistleblower Case Law

    By • Jan 5th, 2015

    Several recent developments regarding auditor whistleblowers should be of interest to internal and external auditors and compliance professionals, whether they work for a public company or a professional services provider.

    “Tax Avoidance On An Industrial Scale” Says British MP About PwC’s Luxembourg Work For AIG And Others

    By • Dec 10th, 2014

    British MP Margaret Hodge grilled Kevin Nicholson, of PwC’s UK tax practice, in a Parliament Public Accounts Committee hearing on Monday. You know you’re on your “back foot” when the first thing out of your mouth has to be a denial that you lied under oath. More details about PwC’s tax avoidance scheme for audit client and US government owned AIG.

    New At Forbes Online: The Precarious Financial Position Of The New York Times

    By • Nov 11th, 2014

    Update: This column was linked to by the NYT Public Editor! I published some New York Times numbers over at Forbes.com, “Time Is Running Short For The New York Times”, in anticipation of the company’s 3Q earnings announcement on October 30.

    You’ll Never Eat Lunch… A Review of “This Town” By Mark Leibovich

    By • Aug 24th, 2014

    Mark Leibovich’s “This Town” is billed in the flap copy of the dust jacket as “a blistering, stunning —and often hysterically funny— examination of our ruling class’s incestuous ‘media industrial complex.’” Does anyone still eat lunch with him? In the new 24-7 news cycle, the half-life of any criticism of DC culture is about three days.

    University of Chicago Booth Capital Ideas Magazine: Two New Articles

    By • Jun 22nd, 2014

    I have two articles in the University of Chicago Booth Capital Ideas Magazine Summer 2014 issue. One is about bank monitoring of private company financials and the other is about bank stress test disclosure. Their cover story, “Think you’re not a racist?” is also worth a close read.

    Three Book Reviews: Naked Bankers, Mute Watchdogs, And Youthful Luchre

    By • May 12th, 2014

    Just in time for summer vacations, I’d like to offer for your consideration three books I’ve recently read.

    Reminiscing About The First Too Big To Fail Bank – Continental Bank

    By • May 10th, 2014

    There’s a conference planned for next week, May 15, at Gleacher Center in Chicago, “30 Years After the Failure of Continental Illinois Bank: Have We Solved Too Big to Fail?” I wrote about my experience at CINB, my first job, for American Banker back in 2011.