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I was asked by Accountancy Magazine in the UK to write a summary of the Compliance Week Annual Conference for their readers. This article, entitled ”Regulatory Reformation,“ can be found here. Please let me know what you think.
The “victims” of the Bernie Madoff scandal are not taking their losses laying down. Why are so many suits suddenly being brought against the auditors of the funds that invested on behalf of their clients in the Madoff funds?
Both are accused of being corrupt.
One gentleman has been under a cloud of suspicion for a while. He’s denied it and dared prosecutors to wiretap his conversations, to come and get him. He hid his activities in plain site. As visible as a major state Governor has to be, he also kept a low profile, [...]
Unfortunately, I was unable to attend the AICPA National Conference on PCAOB and SEC Developments in person. As much as I would have loved to be there live, to ask questions and, perhaps, walk all over the wafflers with my Manolos, it’s not always possible. In this case it may have been just as well. [...]
On July 30, 2008, the US Securities and Exchange Commission (SEC) published its interpretive release explaining how companies can use their websites and blogs to meet their requirements for public disclosure under Regulation FD.
Dominic Jones at IR Web Report says,
“…I don’t expect a flood of companies ditching their wire services overnight and cranking out [...]
I laughed out loud when a Google Alert pointed me to the FT article excerpted below.
I find this solicitation by the US Internal Revenue Service quite ironic given that four of the six firms mentioned have had serious, and I mean serious, issues with the IRS related to their aiding and abetting the development of [...]
Funny thing happened last night while chatting with the COO of one of the major hedge funds, a group that has been much maligned lately for being shortys. For the umpteenth time in the last month or so it seems, someone assumed that my partner in our firm (actually my brother) was my husband.
“PS. [...]
Arthur Levitt recently gave an interview in a Dutch publication de Accountant. Accountancy Age in the UK highlights some key quotes and provides a link to the full article in English.
Levitt comments about the potential need for “audit-only” firms and his encouragement of, “…greater transparency, to understand what condition a firm is in. We [...]
Interesting article today in a publication I receive on line called Hedgeworld (Registration required, with special benefits for membership).
Short sellers are certainly on the mind of the business executive on the other side of their acumen. (My bias is showing, I know.) And the SEC has parachuted in to help their beloved business executives by [...]
Picture Source
I so often agree with Tom Selling these days that I’m starting to think he’s my long lost half-brother… His rat-a-tat-tat, fact-based slam down makes me weep. With admiration.
I couldn’t agree more with his assessment of the weak WorldCom settlement if I had written it myself. Which I did, in a sense, with regard [...]
 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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