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Seeking clarity: Omnicom, BAC and FleetBoston, Alteryx, BRK, and Circle
There's more than one answer to these questions, but here are some of my opinions.
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Francine McKenna
Friday round-up: Up next in audit regulation, more cheating, Chinese frauds
It's a dreary Friday in Philly and I've got a whole lot in store for you today and, for paid subscribers, tomorrow.
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Francine McKenna
2
KPMG and Silicon Valley Bank: Federal judge says case will go on for KPMG, who faces a trial if there's no settlement
You can bring an auditor to court, but it has been much harder to bring it to justice. Fortunately, the plaintiffs attorneys are getting very good at…
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Francine McKenna
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Been caught stealin': Hindenburg Research is on a roll with Adani and Block (Square) short reports
 • Francine McKenna
Elizabeth Holmes and her Big 4 audit firm buddies at Theranos
 • Francine McKenna
1
Gary Gensler is not the guy
 • Francine McKenna
Weekend Update: Commenting, writing, teaching, speaking
 • Francine McKenna
Tipping Point: The Financial Fragility of the Big Four Global Audit Firms
 • Jim Peterson
1
Anatomy of a failure: Credit Suisse, PwC, and KPMG, too
 • Francine McKenna
Waving flags: CrowdStrike and Chime
Flag Day always brings memories of strawberry shortcake with Cool Whip and candles.
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Francine McKenna
Crosspost: Despite the name, companies use accounting tactics that assign a lot of certainty to UTPs
Companies disclose little, reserve less, and often bet big on prevailing in material tax disputes over uncertain tax positions. Auditors feign concern…
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Francine McKenna
 and 
Olga Usvyatsky
Banks lend to Elon Musk but demand tons of Tesla shares as collateral
Excessive collateral requirements may signal high perceived risk, but Tesla’s board seems to be enabling Musk to borrow much more against shares than…
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Erik Sherman
Summer book edition, part 2
I decided to go through my shelves to highlight new and older books that are related to the things I write about. Have a great summer! Here's Part 2.
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Francine McKenna
A PCAOB update and something about deceiving auditors
Here's a bit more about the efforts, futile I think, to save the PCAOB and an exercise in memory to recall when, if ever, anyone has been really…
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Francine McKenna
4
Summer book edition, part 1: Some books to read to open your mind
I decided to go through my shelves to highlight new and older books that are related to the things I write about. Have a great summer! Here's Part 1.
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Francine McKenna
Hype Man: Marc Metrick's Saks is a cluttered closet full of discounts
Selling deals is a hype game. Disclosure rules are loose and going to get looser. But gatekeepers — lawyers, investment bankers, and Big 4 global audit…
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Francine McKenna
The Dig
The Dig
Francine McKenna digs into accounting, audit, and corporate governance issues at public and pre-IPO companies.
Recommendations
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Deep Quarry
Deep Quarry
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BIG by Matt Stoller
BIG by Matt Stoller
Matt Stoller
A Peek Behind the Numbers
A Peek Behind the Numbers
Behind the Numbers
SHERO
SHERO
Amee Vanderpool
© 2025 Francine McKenna
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