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    More on KPMG and the Precedents for Possible Punishment

    Sunday, April 23rd, 2017

    Why did they do it? The WSJ walks around the question but KPMG may face big fines and, I think, its partners and the PCAOB professional could face criminal charges.



    KPMG Takes Its Turn With a Big 4 -Sized Scandal

    Monday, April 17th, 2017

    The KPMG/PCAOB scandal is neither the first or last time a Big 4 firm reminded us that there’s nothing special anymore about being a Big 4 firm professional The firms, and their partners, are not capitalist eunuchs, immune from perverse incentives that advocates for free markets say, if big enough, can corrupt anyone.



    Speaking Engagements/Conferences

    Thursday, February 16th, 2017

    Next Up: March 8, 2017, Columbia University Business School, New York, New York. I will be participating in a journalist panel moderated by Bill Grueskin, Academic Dean of the Journalism School at Columbia, at the 2nd Annual News and Finance Conference, “News and Financial Markets”.



    The Legacy of Mary Jo White

    Monday, November 21st, 2016

    Mary Jo White became the 31st Chair of the Securities and Exchange Commission on April 10, 2013. Last week she announced she would be leaving the job when President Obama leaves office. Here are some links to recent articles and a few choice ones from the past.



    TBW Plan Trustee v. PwC: A Look at What Led To It and What’s Next

    Sunday, September 25th, 2016

    Here’s a brief look at the TBW Plan Trustee v. PwC trial, what led to it and what’s next.



    The SEC On Non-GAAP Metrics: A Collection of Writing at MarketWatch

    Sunday, July 31st, 2016

    Stay tuned as the non-GAAP use comment letters to the companies who didn’t take the hint on their own or who took some prodding in written from to come around, start making it to EDGAR. Should make for some interesting fall reading.



    Peter Thiel’s Pursuit Of Technological Progress; It’s Not About Democracy and It’s Definitely Not About Capitalism – Part 2

    Monday, July 25th, 2016

    One of Peter Thiel’s most interesting ideas is the Thiel Fellowship. It is also his most insidious. In Part 2 of my paper, I talk about borrowing from Timothy Leary, Thiel’s Fellowship initiative, Karl Marx, and the “iron cage” Thiel promotes for anyone not quite as bright as he.



    Three Accounting-Related Stories At MarketWatch

    Monday, February 15th, 2016

    At MarketWatch I am fortunate that I am not expected to write a story every day, although that’s fine if something comes up like an SEC enforcement order or a spectacular corporate scandal.  I am encouraged, instead, to come up with original analysis of important stories in financial regulation and legislation. We want to add […]



    Best Case Yet For Publishing Audit Partner Names: Grant Thornton’s Koeppel

    Monday, December 14th, 2015

    The PCAOB will vote on final rule based on its proposal on Tuesday Dec 15. If audit partner names were published in the audit report, or anywhere, the public, audit committees, investors and journalists could stop lousy auditors in their tracks. Melissa Koeppel of Grant Thornton is the best case yet for making audit partner names and their engagement history, disciplinary history, and litigation history public.



    SEC News at MarketWatch

    Sunday, July 19th, 2015

    On July 21 Dodd-Frank will be five years old. If I hadn’t been through the same thing with Sarbanes-Oxley now twice, I’d be more excited. But the partisan rancor on this law, especially at the SEC, is even worse.