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Alex Howard’s story discusses the impact of the Supreme Court case re: the PCOAB on IT compliance. Article contains several quotes from me and the rest of the great story, including tons of resources to catch up on this issue .
“Francine McKenna, a sharp-eyed observer of Big Four machinations on her re: The Auditorsblog site, offered a trans-Atlantic view of the deal: “With everything going on here, Deloitte is probably in the worst shape of the Big Four. Deloitte lost the most clients through failures and bailouts and are really hurting, with people being laid off [...]
Francine McKenna, an ex-PWC director and a fierce critic of the “big four” accounting firms (PricewaterhouseCoopers, KPMG, Deloitte and Ernst & Young), believes the Satyam issue raises fundamental questions of oversight. She says: “It’s hard to know the extent to which there was complicity between the auditors and senior management or whether it was plain [...]
If the New Century trustee is successful, ”it may embolden others to look more closely at the possibility of bringing [accounting] firms to some level of culpability for the things that happened,” that led to the credit crisis, Francine McKenna, president of McKenna Partners LLC, a corporate-governance consultancy, said in an interview with the Wall Street Journal’s [...]
“Long projects can indicate unclear goals, out-of-control requirements, and inconsistent government oversight. Without proper monitoring, external vendors can make a killing on extended projects. California must diligently manage these risks.” ZDNet IT Project Failures Column, Mike Krigsman, February 19, 2009
Link to this story on Duration reporting in California’s IT strategic plan
More quotes in ZDNet here, here, [...]
…existing disclosures under FAS 5 ‘‘downright hide, obfuscate, and thumb their noses at the need for investors to know what’s going to happen to their investment.’’ BNA Accounting Policy and Practice Report, Vol. 4, No. 17, August 2008.
Link to information about this BNA report.
Link to my story and more on FAS 5 here and here.
“…some firms have used their interpretation of the law as a club against their clients.…winning a significant portion of Boeing’s internal audit contract, worth millions, was a major triumph for PricewaterhouseCoopers in 2006.”
Link to Seattle Post-Intelligencer story
Link to my story re: Boeing, Sarbanes-Oxley
“Companies will need a lot of consulting help to implement XBRL and incorporate into the new Reg FD [fair disclosure rules] suggestions to do more with their websites and investor relations blogs.” Financial Times, August 19, 2008 in reference to SEC’s unveiling Interactive Data Electronic Applications (Idea).
Link to Financial Times story
Link to my story on [...]
“It looks like Deloitte is trying to save face with clients,” said Francine McKenna… Chicago Tribune, November 8, 2008 in reference to the Thomas Flanagan insider trading scandal.
Link to the story in the Tribune.
Link to my blog post on the story.
 Francine McKenna (@retheauditors) has more than twenty years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. For more info, check the "About" page. |
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