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It’s the 175th anniversary of American Banker this year and my editors asked me to write something about my experiences at Continental Bank, my first job.
There were some parts we had to cut so I thought I would put them here.
“The men and women of Human Resources that I worked for during college taught me [...]
One of the wonders of Twitter is the people you meet.
You can write the tool off as talk, talk but it’s been a wonderful window to new worlds for me. People I would have never imagined knowing are in my life because we can gauge common interests passively. Which interests you reveal are entirely of [...]
I’m writing now for American Banker. My first column covers a new appointment at Deloitte and how this might affect the firm’s clients in the mutual funds industry.
CNBC’s JIm Cramer went off this week on the JP Morgan Securities settlement with the SEC. In his mind, someone, everyone got off too easy. It’s a familiar lament.
I’ve written an opinion piece for Accountancy Age comparing the auditor reform debate in the US – what there is – to the active debate in the UK.
Here’s an excerpt:
In the US, the Big Four leadership is noticeably absent from any public conversation of audit or audit industry reform. It’s hard enough for reporters to [...]
This article was originally published on GoingConcern.com October 7, 2009.
It’s been a while since an update on the PwC/Satyam fraud for re: The Auditors. Rest assured, it’s all still a big problem for PwC. Their partners are still in jail but the wheels of Indian justice turn slowly. I did receive reports that India’s accounting [...]
This post was originally published in GoingConcern.com on October 14, 2009.
It seemed like a good idea at the time. Analyze a few numbers for an insurance industry lobby and write a report. I suspect this was, at most, a $150k engagement. Small change. But that’s what trusted advisors do. Come, panting, when called. Help clients [...]
The mainstream media (MSM) is now paying attention to the Big 4 – Deloitte, KPMG, PricewaterhouseCoopers, and Ernst & Young.
The financial crisis is now about accounting fraud.
Every two-bit journalist and blogger on the business beat is spitting out stories to keep up and one-up each other. It’s not every day that the accounting firms provide so much gossip about spectacular criminal and civil penalties. Well, actually, it is every day.
When a new batch of Ernst & Young auditors arrived at Lehman Brothers each year, Repo 105 transactions must have caused debate. After all, a transaction that’s called a “Repo,” short for “repurchase”, but that’s actually recorded on the books as a sale, is a little odd. It may have even quacked.
Some may say that tweaking New York Times reporters to make a point about auditor liability, especially one so prominent such as Andrew Ross Sorkin, may not be a great career move. But then you’re assuming my idea of a “career” is yours.
I call them as I see them, and the two blog posts in the [...]
 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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