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“This industry is a joke”: The Senate Perm Subcomm on Investigations Minority Staff Report on KPMG and three failed banks
Silicon Valley Bank, Signature Bank, and First Republic Bank had more in common than their dramatic failures. They all had the same auditor: KPMG.
6 hrs ago
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Francine McKenna
4
Dotting i's: What can Form AP compliance tell us about 20-F audit quality?
Part 2 of a joint data analysis between The Dig and Deep Quarry looking into whether auditors of foreign issuers fall down on Form AP quality more…
Sep 9
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Francine McKenna
and
Olga Usvyatsky
3
Berkshire Hathaway did a weird thing with its Kraft Heinz reporting
Kraft Heinz has been a monkey on BRK's back for the last ten years. The end may be near but there will be some twists and turns in the road.
Sep 8
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Francine McKenna
12
1
August 2025
So long summer! Closing out August with the PCAOB, AI and overtime, and BDO
It's a holiday weekend but I like nothing more than to assemble a few stories for my paid subscribers to get you thinking.
Aug 31
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Francine McKenna
2
Hold Steady: Genius Act means more work but for which audit firms?
The Genius Act and Bitcoin treasury schemes, combined with fewer obstacles for listing crypto plays of all kinds, equals a windfall for auditors of all…
Aug 23
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Francine McKenna
6
1
Stablecoins, Stollers, and shared auditors (again)
New timely work at Chicago Booth Review, the Stoller brothers are on fire, and recidivist lawbreakers Berkshire Hathaway and Union Pacific do some major…
Aug 18
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Francine McKenna
4
1
Auditors as whistleblowers: When it does, and does not, happen
Recent news reports and a blockbuster legal exposé from a veteran EY partner got me thinking: Is it possible there are more public accounting firm…
Aug 13
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Francine McKenna
7
Tesla's net $23.7 billion stock grant: legal loopholes, accounting twists, and the Tornetta appeal
A deep dive into the unusual 2025 CEO award, its Nasdaq compliance questions, conflicted board dynamics, and how an appeal could trigger - or erase …
Aug 12
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Francine McKenna
and
Olga Usvyatsky
7
More Big 4 stories: HPE, Juniper, Autonomy, Kraft Heinz, Berkshire, Docusign
It's a summer full of repeats, wrangling, regrets, sins, restatements, and reversals.
Aug 3
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Francine McKenna
6
July 2025
Ringing the bell: Personal news, news of Big 4 clients, a BDO near miss, and the PCAOB
Today I'm bringing you a round-up of news you can use while floating in the pool or lying around on your deck. Here comes August!
Jul 30
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Francine McKenna
8
2
Crossing t's: Does Form AP quality signal audit quality?
This is a joint data analysis between The Dig and Deep Quarry that looks into the question of whether firms that repeatedly fall down on Form AP signal…
Jul 23
•
Francine McKenna
and
Olga Usvyatsky
4
2
Blast from the past: BBVA and KPMG
When I saw that BBVA wants to buy Banco de Sabadell, the first thing I did was check who the auditor is. There are only so many to go around!
Jul 14
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Francine McKenna
3
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