• Archive for the ‘PricewaterhouseCoopers’ Category

    Squeeze Is On When Becoming A Partner

    By • Jul 7th, 2008

    I’ve drawn comparisons between law firm management and audit firm management many times before. Forgive me one more indulgence. Audit professionals are making a significant investment in their firms when they become a partner, according to the report provided by the Center for Audit Quality to ACAP in January of this year.  In addition, the […]



    And The IRS Has What Leverage Over The Firms?

    By • Jul 7th, 2008

    I laughed out loud when a Google Alert pointed me to the FT article excerpted below.  I find this solicitation by the US Internal Revenue Service quite ironic given that four of the six firms mentioned have had serious, and I mean serious, issues with the IRS related to their aiding and abetting the development […]



    Cage Match – The Lawyers vs. The Accountants

    By • Jul 2nd, 2008

    Funny thing happened last night while chatting with the COO of one of the major hedge funds, a group that has been much maligned lately for being shortys. For the umpteenth time in the last month or so it seems, someone assumed that my partner in our firm (actually my brother) was my husband. “PS. […]



    Arthur Levitt – Looking Down From The Mountain

    By • Jun 9th, 2008

    Arthur Levitt recently gave an interview in a Dutch publication de Accountant.  Accountancy Age in the UK highlights some key quotes and provides a link to the full article in English.   Levitt comments about the potential need for “audit-only” firms and his encouragement of, “…greater transparency, to understand what condition a firm is in. […]



    Approved! All Together Now – EY To Be One Firm (Except US, Of Course)

    By • Jun 3rd, 2008

    Ernst & Young Completes Groundbreaking Globalization Move EY Partners Overwhelmingly Approve the Creation of EMEIA LONDON–(BUSINESS WIRE)–Ernst & Young today announces that its partners across Western and Eastern Europe, the Middle East, India and Africa have overwhelmingly approved the proposed integration of its country practices into a single EMEIA Area. The new Area will be […]



    SocGen And PwC – They Still Don’t Know Jack…

    By • May 26th, 2008

    As those of you who follow my Twitters know, last Wednesday I had the good fortune to have dinner with our Governor and a few other State of Illinois executives and local entrepreneurs. Most were in the technology arena, as is my client, who I was there to support, cajole, nudge and share a rib […]



    SocGen – New Reports Due Today

    By • May 23rd, 2008

    And I will have a report as soon as they are released. SocGen probe treads fine lineA report into the rogue trading scandal at Société Générale due tomorrow will be critical of the culture and behaviour of France’s second-biggest bank. The report is expected to detail how the bank flouted its own controls, making it […]



    Nickels and Dimes – They Add Up…

    By • May 20th, 2008

    Michael David Thomas over at The Daily Caveat does a nice wrap up on the latest charges by the SEC against AOL/Time Warner. Who is AOL/Time Warner’s auditor? It has been Ernst and Young since before the merger between AOL and Time Warner in January of 2000. Ernst and Young was also AOL’s auditor before […]



    Presidential Endorsements, Politics, and Arthur Levitt

    By • May 19th, 2008

    J. Robert Brown over at Race To The Bottom is always good for thought-provoking insightful posts.  That is if you like that sort of thing rather than short, tongue-in-cheek, throwaways. Which I do. So I have to have a “Black Eye” not a “Red Eye” before I sit down to see if he’s written anything new […]



    Good Riddance

    By • May 6th, 2008

    Picture Source Paul S. Atkins, one of three Republican members of the Securities and Exchange Commission, said on Monday that he would leave the agency after his term ends next month. Mr. Atkins, widely considered the most conservative member of the S.E.C. in recent years with the strongest free-market bent, was appointed by President Bush […]