When HP announced its intention to acquire Autonomy, the
British data analysis firm now mired
in accusations of serious fraud , Deloitte probably shed some enormous tears
of joy. Deloitte was more than happy, I'm sure, to rid itself of the Autonomy...
I taped an episode of the Keiser Report last week while in New York. The focus was
Jamie Dimon with a bit of MF Global thrown in for heat. Max Keiser, the host,
asked me, "Why does Jamie Dimon of JPMorgan still have a job?"
Hard to say...
warned at re: The Auditors in July that the U.S. Securities and
Exchange Commission and the audit regulator, the PCAOB, were publicly ignoring
more important implications of their restricted access to Chinese
auditors than the delisting of Chinese...
If we do not act, boldly and immediately, we will replay
the depression of the 1930s, only this time it will be far, far worse. We don't
do this now, we won't have an economy on Monday.
Fed Chairman Ben Bernanke, "Too Big To
Last week I posted a column at Forbes: Already Behind The Eight-Ball: Auditors of Broker-Dealers Are A
The Public Company Accounting Oversight Board, the US
audit industry regulator, issued its
first report on the auditors of broker-dealers...
The day my OpEd in the Financial Times was published, July
30, there were many other stories in other publications marking the occasion of
Sarbanes-Oxley's tenth anniversary. Most of them focused on the lack of
prosecutions of CEOs and CFOs for...
My latest column @Forbes is about the most recent futures
industry fraud case, PFGBest. PFGBest is another reason why the industry's poor
business environment, wracked with a crisis of confidence after MF Global, just
got much worse.