Mick Mulvaney, the CFPB and a “thing”
/in Pure Content, Writing for Others, You Can Quote Me On ThatWarning: Coarse language, because we may get a lot of snow in Chicago but we’re no snowflakes. Last week I went to an American Bankers Association Conference for bank government relations executives. I wrote a story about some things that Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau (and also a cabinet member […]
Remarks at New York University Forum on Non-GAAP Metrics
/in Pure Content, You Can Quote Me On ThatHere are my remarks from the panel discussion on non-GAAP metrics I participated in onNovember 7, 2016 at NYU Stern.
The SEC On Non-GAAP Metrics: A Collection of Writing at MarketWatch
/1 Comment/in You Can Quote Me On ThatStay 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.
@MarketWatch: Interactive Brokers Weathers Brexit Well
/in You Can Quote Me On ThatWhen I saw, as I was monitoring Twitter late Thursday night, that “Go” would prevail over “Remain” I came into work on Friday morning with a different idea for a story about Interactive Broker than I had originally planned.
Appeals Court says SAIC must face CityTime fraud case
/in You Can Quote Me On ThatAn Appeals Court said there’s enough to proceed on allegations SAIC recklessly disregarded its obligation to disclose potential liability for the CityTime fraud in its March 2011 10K.
Three Accounting-Related Stories At MarketWatch
/in You Can Quote Me On ThatAt 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 […]
The SEC vs. The PCAOB and Jim Doty: Impasse or Détente?
/1 Comment/in Administration, Audit Firm Management, Audit Quality, Liability Caps, Partner Compensation, You Can Quote Me On ThatJim Doty’s term as chairman of the PCAOB, the audit regulator, expired in October. All summer since I arrived in Washington D.C., leading up to that date and since, there’s been speculation about whether or not SEC Chairwoman Mary Jo White would reappoint him to the job.
The Case of Valeant; Not Over By a Long Shot
/1 Comment/in Pure Content, Regulators, Laws, Standards, Regulations, SEC, You Can Quote Me On ThatNow that Valeant has cut off the gangrenous Philidor arm, we may never know the true extent of any accounting manipulation or fraud. And then again it may all come out when the rest of the organization is scrutinized. I’d say be prepared for big inventory writeoffs, or maybe even a restatement.
New At Forbes Online: The Precarious Financial Position Of The New York Times
/in Latest, Pure Content, You Can Quote Me On ThatUpdate: This column was linked to by the NYT Public Editor! I published some New York Times numbers over at Forbes.com, “Time Is Running Short For The New York Times”, in anticipation of the company’s 3Q earnings announcement on October 30.
The Full Service Firm: McKenna Comments For Canada’s The Bottom Line On Legal Services
/in You Can Quote Me On ThatI’m quoted extensively in an October 2014 The Bottom Line piece on the Big Four expansion into full-fledged legal services.
SEC’s Final Pay Rules Coming Any Day: Will They Be Enough To Level Playing Field?
/3 Comments/in You Can Quote Me On ThatSenator Robert Menéndez [D-NJ], author of the Dodd-Frank pay ratio disclosure rule, didn’t take “not yet” for an answer when SEC Chair Mary Jo White testified before the Senate Banking Committee in late July a year ago. Menendez told White: “I’ve been waiting for several years now.” (Me, too!)