Jeff Connaughton’s new book, “The Payoff: Why Wall Street Always Wins”, is a must read during the Presidential election season.
One of the wonders of Twitter is the people you meet. You can write the tool off as talk, talk but it’s been a wonderful window to new worlds for me. People I would have never imagined knowing are in my life because we can gauge common interests passively. Which interests you reveal are entirely […]
I’m writing now for American Banker. My first column covers a new appointment at Deloitte and how this might affect the firm’s clients in the mutual funds industry.
CNBC’s JIm Cramer went off this week on the JP Morgan Securities settlement with the SEC. In his mind, someone, everyone got off too easy. It’s a familiar lament.
I’ve written an opinion piece for Accountancy Age comparing the auditor reform debate in the US – what there is – to the active debate in the UK. Here’s an excerpt: In the US, the Big Four leadership is noticeably absent from any public conversation of audit or audit industry reform. It’s hard enough for […]
This article was originally published on GoingConcern.com October 7, 2009. It’s been a while since an update on the PwC/Satyam fraud for re: The Auditors. Rest assured, it’s all still a big problem for PwC. Their partners are still in jail but the wheels of Indian justice turn slowly. I did receive reports that India’s […]
This post was originally published in GoingConcern.com on October 14, 2009. It seemed like a good idea at the time. Analyze a few numbers for an insurance industry lobby and write a report. I suspect this was, at most, a $150k engagement. Small change. But that’s what trusted advisors do. Come, panting, when called. Help […]
The mainstream media (MSM) is now paying attention to the Big 4 – Deloitte, KPMG, PricewaterhouseCoopers, and Ernst & Young.
The financial crisis is now about accounting fraud.
Every two-bit journalist and blogger on the business beat is spitting out stories to keep up and one-up each other. It’s not every day that the accounting firms provide so much gossip about spectacular criminal and civil penalties. Well, actually, it is every day.
When a new batch of Ernst & Young auditors arrived at Lehman Brothers each year, Repo 105 transactions must have caused debate. After all, a transaction that’s called a “Repo,” short for “repurchase”, but that’s actually recorded on the books as a sale, is a little odd. It may have even quacked.
Some may say that tweaking New York Times reporters to make a point about auditor liability, especially one so prominent such as Andrew Ross Sorkin, may not be a great career move. But then you’re assuming my idea of a “career” is yours. I call them as I see them, and the two blog posts in […]
My Forbes column appears on Tuesdays and Thursdays. Go here to read, Accounting Watchdog. Columns for the week ending November 19, 2010: GM’s Gigantic IPO: Investors Bet An Old Dog Can Do New Tricks FT Alphaville reports this morning that, “President Barack Obama said the IPO marked a ‘milestone in the turnaround of not just […]
My Forbes column appears on Tuesdays and Thursdays.
Go here to read, Accounting Watchdog.
Columns for the week ending November 12, 2010: