McKenna at Stanford on FTX, its auditors and much, much more

The stakes are now a lot higher for everyone who helped promote or enable FTX, especially the auditors.

I wrote previously about my whirlwind trip to the west coast including a stop at Stanford University to guest teach for Professor Anat Admati. Professor Admati is also the Stanford GSB Faculty Director of the Corporations and Society Initiative.

We had a chance to talk about a number of things including our history together, accounting and audit and non-GAAP metrics, and my sad departure from Twitter.

We met and recorded a webcast on October 17, in the midst of the Sam Bankman-Fried trial in New York. Since then SBF has been convicted, after only four hours, of all fraud counts. SBF faces a long time in prison.

Many other lawsuits are still pending, including a massive class action in Florida federal court against Samuel Bankman-Fried, and other insiders such as Caroline Ellison, Gary Wang, and Nishad Singh, VC defendants, law firm defendants, promoter and digital creator defendants or “Brand Ambassador Defendants” such as Tom Brady, Gisele Bündchen, and Kevin O’Leary, bank defendants, and the auditor defendants Prager Metis CPAs, LLC and Armanino LLP.