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re: The Auditors Is Six Years Old
The blog is meant to highlight, for you the reader, the broad-based influence the Big 4 have in business, politics and social policy. Their reach is only exceeded by their constant grasp.
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On Anniversary of MF Global Bankruptcy, Something Still Missing
Something is still missing today, the one year anniversary of the bankruptcy of MF Global. What's still missing from this sordid affair is an accounting of the whereabouts of the financial auditor,...
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Do It Yourself SEO: An Essay for Sundayed.com
How can I leave my readers with something they’ll remember, something to lead them back to me, something that encourages them to tell a friend about me?
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Forbes Magazine: Lying With Numbers
The SEC is busy chasing Ponzi schemers and foreign bribers. But bogus accounting remains a bigger danger to the markets. (More links.)
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FDIC Piles On To PwC For Colonial Bank Failure
I wonder how PwC GRC Advisory partners feel knowing their multimillion dollar profits from the OCC/Fed foreclosure reviews will be used to pay three big settlements for audit failures at Colonial Bank...
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My Big Fat Overrated CEO: McKenna On Dimon On The Keiser Report
I taped an episode of the Keiser Report last week while in New York. The focus was Jamie Dimon with a bit of MF Global thrown in for heat. Max Keiser, the host, asked me this question: Why does Jamie...
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McKenna To Speak At NYU On Auditor Independence And Consulting
I'm honored to be speaking on November 26, 2012 at New York University's Vincent C. Ross Institute of Accounting Research. The panel, which includes Paul Volcker, Bob Herz and the PwC NY Metro Managing...
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HP and Autonomy: Material Writedown With A Side Of Serious Fraud
HP announced today it is writing down more than $5 billion, or almost half of the Autonomy acquisition price, because of “serious accounting improprieties, misrepresentation and disclosure failures” by...
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McKenna On NPR’s “All Things Considered”
I was asked to talk about HP and Autonomy tonight on NPR's "All Things Considered" program.
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McKenna Panelist At NYU On Auditor Independence And Consulting
I was at New York University's Vincent C. Ross Institute of Accounting Research to speak on a panel that included Paul Volcker, Bob Herz and a lawyer representing PwC and EY. The Ross Roundtable on the...
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Deloitte, HP And Autonomy: You Lose Some But You Win Some More, Much More
When HP announced its intention to acquire Autonomy, the British data analysis firm now mired in accusations of serious fraud, Deloitte probably shed some enormous tears of joy. Deloitte can now openly...
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Dysfunctional Couple Update: Facebook and Zynga
Zynga and Facebook play out their drama in public, much to the detriment of any investors who aren't insiders that can leave the party early before glasses were shattered.
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Auditors Diss US Regulators Regarding China
I've been watching the developments for a while now between the global audit firms, their clients, the regulators on both sides, and investors - especially the shorts - who have been raising the issues...
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Deutsche Bank Fair Value Fakeout Didn’t Prevent Backdoor Fed Bailout
Deutsche Bank may have avoided a bailout by the German government but borrowed billions from the US Federal Reserve and various programs during this period. So much for avoiding a bailout by pretending...
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Housing Problems: Where To Get Help
I asked Alys Cohen of the National Consumer Law Center what I can say when people ask me what to do about their foreclosure or mortgage modification nightmare.
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Communicating in the Time of Facebook: An OpEd By Roopen Roy
How do you connect with your target audience? Game-changing technologies influence how you communicate with the young (and the not-so-young) social media-savvy crowd.
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Speaking Engagements/Conferences This Fall/Winter
Here's where I'll be and where I've been.
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Ernst & Young’s Leftover Lehman Liability
Ernst & Young gets a little bit of good news about Lehman liabilities but... Is it just me or are the auditor defense lawyers losing their touch?
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Getco Acquires Knight Capital: No Auditor Was Harmed In The Process
Getco's deal for Knight Capital was a good-old reverse merger, just like the chop suey the Chinese have been using to perpetrate frauds right under the SEC's nose. Please read to the bottom. I don't...
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