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All the firms spend a lot of time and money publicizing their good works. Between time spent on volunteerism and donations by their offices and foundations and all the diversity crapola, it’s a bucketful of money they spend to erase the fact that they’re otherwise sucking money out of the economy for a dubious [...]
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I’ve received several copies of the press release below in the last day or so. Given all the concern regarding asset pricing, especially of non-marketable securities, complex derivatives and other exchange traded and OTC products, I found this announcement refreshing and scary at the same time.
It’s refreshing if the firms are reviewing and [...]
This blog has recently been reminding you of the independence standards imposed on the audit firms with regard to their relationships with their vendors.
Don’t get me wrong… It’s not easy for anyone to keep it all straight.
In my previous post on PwC’s relationship with Aramark as a vendor for its cafeteria, in response [...]
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There’s an ongoing dialogue related to my Big 4 Blind Items post.
Specifically, someone added a comment regarding outsourcing/off shoring work by the Big 4 to India and other lower wage countries. My comment, regarding my experiences while a Managing Director for KPMG Consulting/Bearing Point in Latin America, is there, too.
However, that got me thinking [...]
 Francine McKenna (@retheauditors) has 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. Look for my column, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. Your firm can sponsor this specialized news site. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
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