Search Results


Monday, January 27th, 2014

Francine McKenna is an experienced speaker who can present on a variety of subjects.
Typical topics include:

The role of the external auditor and litigation issues pertaining to external audit
The external auditor’s obligation to detect fraud
Careers in the accounting industry and accounting education
Corporate governance and the role of Audit Committee
Internal audit – Roles and Responsibilities
IT Audit
The intersection [...]


One Way Or Another: The SEC Versus The Chinese Big Four Firms

Saturday, January 25th, 2014

SEC Administrative Judge Cameron Elliot issued a blistering decision last week in a long-running dispute over regulator access to auditor work papers in fraud investigations. The judge banned the Chinese Big Four firms from auditing US issuers for six months and lambasted them for voluntarily putting their firms “between a rock and a hard place.” The decision is not yet final but the enormous impact is already being felt worldwide.


Madoff, MLK, Buddha And Elusive Nature of Self-Interest

Monday, January 20th, 2014

Your first obligation as a professional is to your client, not your firm, your partners, or even your family.


GlaxoSmithKline Keeps Name of PwC Lead Engagement Partner Under Wraps

Monday, December 30th, 2013

Does the PCAOB’s proposal on naming lead audit partners for US listed issuer audits contemplate any exemptions? No, but they do exist in the jurisdictions that say they hold lead audit partners accountable.


Winning! PwC Argues Both Sides Of The Partner Naming Debate

Thursday, December 19th, 2013

How do the audit firms keep winning the war while losing battles left and right? They use the law and the courts to delay, deter and distract from transparency by settling, and sealing what they can, before the public can find out what silly arguments they often make in their defense.



Wednesday, December 18th, 2013

Stories that get stuck in your teeth.


Naming Them: Why Markets Deserve To Know Audit Partner Names And More

Sunday, November 24th, 2013

We now know more about what the firms have been hiding. The global capital markets, not just current shareholders, need full disclosure of the engagement teams on all public issuers over time, and in a way that is easily accessible.


The “Chilling Effect”: No One Important Wants The Auditor’s Opinion

Wednesday, November 13th, 2013

Are auditors too cozy with management and the Audit Committee? Unfortunately, that the way they all seem to like it. Investors and the capital markets suffer.


Five Auditor Independence Issues PCAOB SAG Not Yet Addressing

Monday, November 11th, 2013

There are five big auditor independence issues that space prevented a full discussion of yesterday and that are not on the agenda of the PCAOB SAG meeting this week. My hope is that regulators, policy makers and other interested parties will start talking about these issues, too, while I am in DC this week.


Only Money—Deloitte Pays Another Fine And Then Moves On

Wednesday, October 23rd, 2013

Deloitte has been caught thumbing its nose at regulators again. Deloitte is the best example in the Big Four of how a large consulting business corrupts an audit firm.