New Century Financial – Francine McKenna

A Closer Look At Clawbacks

October 23, 2011/4 Comments/in Latest, Pure Content, Regulators, Laws, Standards, Regulations, SEC, Subprime, The Case Against The Auditors

The Sarbanes-Oxley Act of 2002 and Dodd-Frank’s clawback provision both require a restatement. The restatement of financial results to correct material errors – whether those errors occurred by default or by design – is a necessary condition for enforcing both the Sarbanes-Oxley Section 304 provision and the new Dodd-Frank law.

What Do Bank of America And The Federal Home Loan Banks Have In Common? A Lawsuit & PwC

July 25, 2011/1 Comment/in Pure Content, Regulators, Laws, Standards, Regulations, Subprime, The Case Against The Auditors

Have you been following the trials and tribulations of Bank of America and their auditor, PricewaterhouseCoopers, LLP?

I have.

Repurchase Risk (Put-Back) Getting Full Court Press At CNBC

November 10, 2010/8 Comments/in KPMG, The Case Against The Auditors

John Carney at CNBC NetNet is talking a lot about repurchase risk. He’s tied it all together in a bow for us, mentions Citigroup and Bank of America, and has given me credit for having been on KPMG’s case for a while.

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