Picture Source As many of you, I hope, have deduced by now, my April 1 post on the naming of the new US regulatory agency was an April Fool’s Day post. The idea came to me in a dream… So you can imagine my exciting life if I’m dreaming about parodies for my blog. […]
Photo Source Former tax partner set for historic payout after PwC settles harassment case I hadn’t written about this case much, although it’s a very interesting one. Many say that race and sex discrimination in business are things of the past. After all, if we can have a black man and a woman as potential […]
And this dispatch from an Australian blogger , who makes the connection between KPMG/New Century and KPMG and some recent failures amongst their clients down under…. …According to the report, one of the reasons for KPMG’s apparent gross failure to adequately undertake its responsibilities was due to it being intimidated by the forceful nature of […]
The summit started a little slowly. One panel included Steve Bartlett of Financial Services Roundtable. He rattled off several proposed reforms they are putting on the table for legislative action. Then they didn’t allow questions from the audience in order to stay on schedule. One proposed reform is to allow the audit firms to raise […]
Picture Source Undoubtedly, no one checked the quotes first. John Griffith-Jones is one slick dude. But even he must know that it’s best not to rub it in his clients’ faces. Mr. Griffith-Jones believes that his clients are so, so afraid of another auditor collapse, they are willing to give away their right to […]
Picture Source Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market. I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon […]
I love to get mail from other firms that focus on professional services firms as an industry. This note came from Michael Roch at Kerma Partners in response to my post about the audit firms’ “global networks.” Dear Francine, …I am a London-based partner of Kerma Partners; we are a strategy consulting firm to international […]
Picture Source On March 13, 2008, the U.S. Treasury Advisory Committee on the Auditing Profession (ACAP), co-chaired by former SEC Chairman Arthur Levitt, Jr. and former SEC Chief Accountant Don Nicolaisen, met to discuss the preliminary recommendations of its subcommittees on human capital, [audit] firm structure and finances, and concentration and competition. Edith Orenstein was […]
