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Big News: QC 1000 and PwC China
These two important stories are connected.
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Francine McKenna
2
EY makes a strategic move in a tight audit market by dropping clients, says Deep Quarry
Olga Usvyatsky uses detailed data to examine whether EY's client losses were concentrated among riskier clients. Or is something else going on?
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Francine McKenna
Now you see it: SEC dismisses enforcement actions against audit partners after Jarkesy
The SEC walks away from the fight over sanctioning auditors for bad audits. Defendants are deliriously happy but the decision leaves many broken hearts…
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Francine McKenna
Live from the Archives: The Big 4 and a Living Wage
There is ongoing dialogue about whether Big 4 pay is too low — it is — and about the obligation of companies when they outsource, including closer to…
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Francine McKenna

August 2024

Notable News: Housing, B. Riley, Steward/MPT, Adani, and more
Catching up on some great stories I think you should read!
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Francine McKenna
Cherry-picking: Some PCAOB inspection results and some tragic news
It's the hazy, lazy last days of summer, but news about accounting, audit and corporate frauds and malfeasance took no vacation.
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Francine McKenna
Bottle Caps: Coca-Cola outtakes and highlights from AAA Ethics Symposium
I was also in D.C to teach our KPMG-PCAOB case again and got to meet an Olympic medal winner!
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Francine McKenna
Coca-Cola Faces $16 Billion Tax Battle: Ongoing Dispute with IRS Puts Profit and Liquidity at Risk
Coca-Cola has chosen to bet everything on winning. It’s a high risk wager where investors have been provided with minimal disclosure.
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Olga Usvyatsky
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Francine McKenna
Small audit firms dropping like flies: Self-inflicted wounds or something else?
Borgers was not the only firm banned. The PCAOB revoked registration of at least six audit firms in 2023 and the first half of 2024. Who will do the…
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Francine McKenna
Coca-Cola smacked again over auditor EY-developed tax avoidance schemes
Why are PwC and EY still allowed to design and sell aggressive tax avoidance strategies to audit clients, including in Australia?
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Francine McKenna

July 2024

Tesla's dismal results draw the shorts, and the tipsters, back out of the shadows
There are also renewed calls for the SEC to go tougher on Tesla's accounting. Don't count on it any time soon.
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Francine McKenna
Presentations you can use and updates on key accounting fraud cases
Updates on Ozy Media and Autonomy and the LSU Presentations on FTX, ESG, Authenticity, and AI/Tax, as well as my own on Tingo/Adani.
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Francine McKenna
© 2024 Francine McKenna
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