Comments for re: The Auditors http://retheauditors.com The Business of the Big 4 Audit Firms Mon, 06 Feb 2012 19:29:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 Comment on The Risky Business of Being A Bank Chief Risk Officer by Francine http://retheauditors.com/2012/01/22/the-risky-business-of-being-a-bank-chief-risk-officer/comment-page-1/#comment-158351 Francine Mon, 06 Feb 2012 19:29:11 +0000 http://retheauditors.com/?p=7783#comment-158351 @Scott Solomon Which Countrywide thesis is that? The post I excerpted for that example was written in early 2008. Even then things were looking grim and I was contrasting reality with all of the accolades they were receiving for risk management. We now know thIngs were even worse than anyone, least of all Bank of America, ever realized. @Scott Solomon

Which Countrywide thesis is that? The post I excerpted for that example was written in early 2008. Even then things were looking grim and I was contrasting reality with all of the accolades they were receiving for risk management. We now know thIngs were even worse than anyone, least of all Bank of America, ever realized.

]]> Comment on The Risky Business of Being A Bank Chief Risk Officer by Scott Solomon http://retheauditors.com/2012/01/22/the-risky-business-of-being-a-bank-chief-risk-officer/comment-page-1/#comment-158349 Scott Solomon Mon, 06 Feb 2012 17:12:32 +0000 http://retheauditors.com/?p=7783#comment-158349 Your Countrywide thesis would seem to be contradicted by this 60 Minutes segment http://www.cbsnews.com/video/watch/?id=7390538n Your Countrywide thesis would seem to be contradicted by this 60 Minutes segment http://www.cbsnews.com/video/watch/?id=7390538n

]]> Comment on A Closer Look At Clawbacks by Bonuses Are Good, But Clawbacks Make Them Better | Work911 Journal - News, Views and More About Working Life http://retheauditors.com/2011/10/23/a-closer-look-at-clawbacks/comment-page-1/#comment-158338 Bonuses Are Good, But Clawbacks Make Them Better | Work911 Journal - News, Views and More About Working Life Sun, 05 Feb 2012 23:20:35 +0000 http://retheauditors.com/?p=7386#comment-158338 [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...] [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...]

]]> Comment on With Or Without You? Psyching Out The CPA Exam by CPA requirements http://retheauditors.com/2009/01/30/with-or-without-you-psyching-out-the-cpa-exam-2/comment-page-1/#comment-158329 CPA requirements Sun, 05 Feb 2012 05:31:01 +0000 http://76.12.174.187/?p=876#comment-158329 It is actually a great and helpful piece of info. I am satisfied that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing. It is actually a great and helpful piece of info. I am satisfied that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.

]]> Comment on Update: Mortgage Servicer Foreclosure Review Process by Michael Wallace http://retheauditors.com/2011/12/27/update-mortgage-servicer-foreclosure-review-process/comment-page-1/#comment-158314 Michael Wallace Fri, 03 Feb 2012 23:25:02 +0000 http://retheauditors.com/?p=7582#comment-158314 Hi Francine, Thank you for insite on the on the mortgage servicer review process. It is amazing that the conflict of interest is so rampant despite all this new government regulation. How does Nationstar become the servicer for Fannie Mae, on servicing they aquired from Bank of America, when Nationstar is owned by Fortress headed by Daniel Mudd, who was forced out as the head of Fannie Mae, and is now being sued by the US government for misreprentations he made as the head of Fannie Mae? Maybe common sense should replace government regulation, which doesn't seem to stop all these conflicts of interest. The whole loss mitigation process in mortgage servicing today needs to be overhalled. The servicers are not investing enough money upfront to make the changes that need to be made. I've been told over and over again that the cost to fix the problems would hurt earnings now and that it is the investors such as Fannie Mae and Freddie Mac that will bear the losses anyway. Unfortunately we the taxpayers own Fannie and Freddie. My ideas are on my website, just click About Us and there is a video presentation. I can see you have spent a lot of time on this issue which is what our country needs. Until we resolve our housing crisis our economy will never fully recover. Thanks again, Mike Hi Francine, Thank you for insite on the on the mortgage servicer review process. It is amazing that the conflict of interest is so rampant despite all this new government regulation. How does Nationstar become the servicer for Fannie Mae, on servicing they aquired from Bank of America, when Nationstar is owned by Fortress headed by Daniel Mudd, who was forced out as the head of Fannie Mae, and is now being sued by the US government for misreprentations he made as the head of Fannie Mae? Maybe common sense should replace government regulation, which doesn’t seem to stop all these conflicts of interest. The whole loss mitigation process in mortgage servicing today needs to be overhalled. The servicers are not investing enough money upfront to make the changes that need to be made. I’ve been told over and over again that the cost to fix the problems would hurt earnings now and that it is the investors such as Fannie Mae and Freddie Mac that will bear the losses anyway. Unfortunately we the taxpayers own Fannie and Freddie. My ideas are on my website, just click About Us and there is a video presentation. I can see you have spent a lot of time on this issue which is what our country needs. Until we resolve our housing crisis our economy will never fully recover.
Thanks again, Mike

]]> Comment on A Closer Look At Clawbacks by Bonuses Are Good, But Clawbacks Make Them Better | iTAX – tax news http://retheauditors.com/2011/10/23/a-closer-look-at-clawbacks/comment-page-1/#comment-158301 Bonuses Are Good, But Clawbacks Make Them Better | iTAX – tax news Fri, 03 Feb 2012 00:55:43 +0000 http://retheauditors.com/?p=7386#comment-158301 [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...] [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...]

]]> Comment on A Closer Look At Clawbacks by Bonuses Are Good, But Clawbacks Make Them Better | Business Studies Online http://retheauditors.com/2011/10/23/a-closer-look-at-clawbacks/comment-page-1/#comment-158300 Bonuses Are Good, But Clawbacks Make Them Better | Business Studies Online Thu, 02 Feb 2012 23:50:20 +0000 http://retheauditors.com/?p=7386#comment-158300 [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...] [...] to clawbacks being enshrined first in the Sarbanes-Oxley and, more recently, in the controversial Dodd-Frank financial reform legislation. But it’s far too early to meaningfully assess the future of “clawback cultures” [...]

]]> Comment on Madoff, MLK, Buddha And Elusive Nature of Self-Interest by Q: How do you make sure you can take a stand for your real client, and stand up against the person that signed the engagement letter? « Attestation Update – A&A for CPAs http://retheauditors.com/2012/01/16/madoff-mlk-buddha-and-elusive-nature-of-self-interest/comment-page-1/#comment-158298 Q: How do you make sure you can take a stand for your real client, and stand up against the person that signed the engagement letter? « Attestation Update – A&A for CPAs Thu, 02 Feb 2012 16:17:34 +0000 http://76.12.174.187/?p=856#comment-158298 [...] our responsibility as a CPA is to the real client, not the person that hired you.  Her post is at Madoff, MLK, Buddha And Elusive Nature of Self-Interest  My discussion is [...] [...] our responsibility as a CPA is to the real client, not the person that hired you.  Her post is at Madoff, MLK, Buddha And Elusive Nature of Self-Interest  My discussion is [...]

]]> Comment on Old PwC Japan Fades Like Lotus Blossom by Next Steps For Olympus Don't Include Dumping Auditor Ernst & Young - Forbes http://retheauditors.com/2007/08/01/old-pwc-japan-fades-like-lotus-blossom/comment-page-1/#comment-158275 Next Steps For Olympus Don't Include Dumping Auditor Ernst & Young - Forbes Tue, 31 Jan 2012 20:54:06 +0000 http://76.12.174.187/?p=400#comment-158275 [...] executives cover up the company’s deepening insolvency. Four PwC partners were arrested, and the audit firm was dissolved. Page 1 2 « Previous PageNext Page » 0 comments, 0 called-out + [...] [...] executives cover up the company’s deepening insolvency. Four PwC partners were arrested, and the audit firm was dissolved. Page 1 2 « Previous PageNext Page » 0 comments, 0 called-out + [...]

]]> Comment on Visit To James Madison University by Thomas http://retheauditors.com/2012/01/02/visit-to-james-madison-university/comment-page-1/#comment-158204 Thomas Sun, 29 Jan 2012 04:43:44 +0000 http://retheauditors.com/?p=7606#comment-158204 Indeed a very good speech that is very useful for both young and experienced professional auditors/Accountants Indeed a very good speech that is very useful for both young and experienced professional auditors/Accountants

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