Posts

Damn The Conflicts: Arthur Levitt Still Won’t Shut Up

/9 Comments/in ,

Arthur Levitt Jr. wrote a recent Op-Ed piece for the New York Times defending “high frequency trading.” As you can see, the conflicts for Mr. Levitt, especially now that he is also advising Goldman Sachs (also a PwC client) and Getco, are numerous.

Mr. Levitt is 78 years old. Isn’t it time for him (and Paul Volcker) to go fishing? Why don’t the numerous media outlets he works/writes for insist that he disclose his conflicts?

Read more

Auditor Independence and Management Consulting – Deja Vu All Over Again

/11 Comments/in

To introduce this topic, let’s start with excerpts from a Frontline series, dated June 2002, Bigger Than Enron. In the segment entitled Congress and the Accounting Wars, the history and politics of independence legislation supported strongly by then SEC Chairman Arthur Levitt and eventually incorporated in the Sarbanes-Oxley legislation of 2002 is described. At the […]

Read more