Archive for the ‘Writing for Others’ Category

McKenna Now Writing At American Banker

By • Sep 16th, 2011

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 Cramer Spits Into Wind On Clawbacks Of Fraudulent Bonuses

By • Jun 25th, 2011

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.



@ Accountancy Age: An Opinion Piece On The US Audit Reform Debate

By • Mar 16th, 2011

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 […]



Birds On A Wire: How Do The Firms Get The Word Out?

By • Mar 9th, 2011

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 […]



It’s Only Money: How PwC Got Jammed Up On The AHIP Report

By • Feb 27th, 2011

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 […]



Nowhere To Hide: Ernst & Young Looking At More Civil Liability For Lehman Failure

By • Jan 9th, 2011

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.



Let Me Tell You A Funny Story: Lehman’s Repo 105 Accounting

By • Jan 9th, 2011

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.



@Forbes: Forget Everyone Else – Why Aren’t Auditors Answering For Financial Crisis?

By • Dec 11th, 2010

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 […]



@Forbes: More GM IPO and Less Litigation Disclosure

By • Nov 19th, 2010

My Forbes column appears on Tuesdays and Thursdays. Go here to read, Accounting Watchdog. Columns for the week ending November 19, 2010: GM’s Gigantic IPO: Investors Bet An Old Dog Can Do New Tricks FT Alphaville reports this morning that, “President Barack Obama said the IPO marked a ‘milestone in the turnaround of not just […]



@Forbes: Immigration and the Big 4, Fannie and Freddie Must Go

By • Nov 12th, 2010

My Forbes column appears on Tuesdays and Thursdays.

Go here to read, Accounting Watchdog.

Columns for the week ending November 12, 2010: