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I made another guest post at the blog for Financial Executives International. My BBF (best blogger girlfriend) Edith Orenstein is on vacation. The post is cross-posted over at accountingWEB, because Edith is so good and so popular. She’s been my go-to girl for a while when it comes to technical accounting support and general navigation [...]
On Thursday August 5th, I covered the PCAOB’s Open Meeting and wrote up a report for the FEI Blog. I’d like to make a few more comments about the meeting yesterday.
I was both surprised and very pleased when Chairman Goelzer announced that he’ll request Congress to amend Sarbanes-Oxley to open the PCAOB’s disciplinary proceedings to public view, in line with the SEC. I was also gratified. I made this suggestion and many times have pointed out the challenge to investors’ right to know about an important gatekeeper – the auditors.
My new column is up @Going_Concern:
Be very wary if asked to participate in a pre-inspection file review and you’re asked to add evidence of reviews and signoffs, insert documents after the fact, change conclusions or recreate analyses.
Last week Going Concern reported the latest findings of the UK version of the PCAOB, the Audit Inspection Unit. There [...]
My new column is up @Going Concern:
Non-compete, non-solicitation and confidentiality clauses are common in professional services. You were probably asked to agree to them when you signed your offer letter and will be asked to sign again to get a severance payment…You may have signed an overly broad, onerous list of conditions that seemingly shackle you [...]
There’s nothing worse than the appearance of regulatory infrastructure and enforcement without the consistent and forceful execution of that regulatory mandate…
You might as well be trying to save walruses from an oil spill in the Gulf of Mexico. The Big 4 audit firms’ response plans in the event of catastrophic litigation, if they exist, are likely cookie-cutter boilerplate, out of date, irrelevant and prepared by the same go-to defense lawyers that shill for them and repeatedly negotiate their settlements.
My new essay is up at Sundayed.com, the side project I’m contributing to with a few friends including Jason Moriber from Wise Elephant who helps me run this site.
This weekend I’m talking about the “Summer Fiction: 20 Under 40″ issue of The New Yorker. The fiction I read is varied, but I’m not much [...]
My new column is up @Going Concern.
Do sheer numbers mean women will now gain equality or even the upper hand in the workforce? Will this influence permeate all areas of professional life or only the ones that men allow?
Hanna Rosin was a guest last night on The Colbert Report. She’s a Contributing Editor for The Atlantic and [...]
My new column is up @Going Concern:
Attrition levels in the Big 4 are at historic lows. People are staying, if they can, because of generally weak prospects outside. Unfortunately, the Big 4 and next tier are still cutting, as evidenced by news on this site and consistent reports on re: The Auditors.
The pace in the external job market [...]
 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, click the "About" page link at the bottom of this page. |
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