re: The Auditors

Now Available: e-Books On MF Global, AIG, Goldman Sachs, PwC and Careers

Looking for some interesting beach reading? Download one of my e-books to your Kindle or other e-reader. They're an easy and affordable way to sample some of my writing, organized by theme across all the places they've been published, on topics we're still talking about. Like a book of short stories except some of these truths are stranger than fiction.

McKenna Speaks: The Committee For Monetary Research And Education

I was invited to speak on Thursday May 17 to the Committee For Monetary Research and Education at their Annual Dinner in New York. Here's my speech and several other interesting links.

McKenna At Georgia Southern Fraud and Forensic Accounting Conference

I spoke at the Georgia Southern University’s Center for Forensic Studies in Accounting and Business Sixth Annual Fraud and Forensic Accounting Conference at the Hilton Desoto, Savannah on May 15-17, 2012. My topic was "Auditors as 'Whistleblowers': The Auditors’ Responsibility to Report Fraud and Illegal Acts."

When Is A Hedge Not A Hedge? The Accounting For JP Morgan’s Bet

Yesterday's column at American Banker digs into the accounting for JP Morgan's reported "hedge". I was shocked - OK, not really - that no main stream media outlet had explained the stunning announcement made by Jamie Dimon last Thursday.

Pay Cut For JPM’s Jamie Dimon? There’s Still Time To Vote

My column on the subject this morning at American Banker is getting quite a bit of play. Dimon's mea culpa on the loss was timed to avoid lying, again, to a room full of people - JP Morgan's Annual Meeting is tomorrow May 15 - about how bad 2nd quarter results will end up.

Why Is The SEC Pursuing Deloitte Shanghai? Looks Like It’s Personal

The Securities and Exchange Commission is rattling a dull sabre again towards Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. for its refusal to provide the agency with audit work papers related to another China-based company under investigation for potential accounting fraud against U.S. investors. It looks to me like it's personal rather than productive.

First Forbes Magazine Feature

My first feature article for Forbes magazine is out on the newsstands today.

Aubrey McClendon Pigs Out: Chesapeake Energy’s Hidden Loans:

Chesapeake Energy's auditor is PricewaterhouseCoopers. The auditor is paid lass than $3 million to prepare an opinion on this challenging company. Sometimes you can be paid too little to be sufficiently skeptical...

I’m In Congress! Foreclosure Review Work Cited By Congressman

A column I wrote for American Banker on March 5, 2012, "What Little We Know About Foreclosure Reviews Is Troubling", was mentioned during the recent House Financial Services Subcommittee hearing on issues facing the accounting and auditing industry.

New York’s Carolyn Maloney More Focused On Politics Than Investors

With Democrats like Representative Carolyn Maloney of New York, who needs the Republicans? When special interests pursue self-interested legislation or seek to block legislation that affects their interests Maloney is ready to wave the jobs and economic growth flag for her campaign contributors rather than looking out for investors.