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KPMG in the muck in Australia
The news keeps getting worse for KPMG in Australia, and now the scandal has spread to the apparently impotent international firm.
 • Francine McKenna
The price of pre-IPO info leakage: Issuer and media obligations
We dig in on the SpaceX pre-public filing info "leaks". There are legal, ethical, and practical reasons why investors should be wary of "open secrets…
 • Francine McKenna and Olga Usvyatsky
Auditor independence: What's behind the SEC's latest push to relax the rules, again? Part 2
Let's look at some history and context and, then, I'll tell you what I think is really behind the push this time, supported by some data.
 • Francine McKenna
Our analysis of the SpaceX draft to public prospectus
SEC comment letters are confidential until after the IPO, but changes made by SpaceX based on the SEC's review may provide insights into the SEC's…
 • Francine McKenna and Olga Usvyatsky
Auditor independence: What's behind the SEC's latest push to relax the rules, again? Part 1
We're facing another round of efforts to "modernize" auditor independence rules, but it's just more of the same opportunistic deregulation.
 • Francine McKenna
56:24
Chatting with The Activist Investor Mike Levin
Mike Levin and I get together in Chicago to talk about the role and responsibility of independent directors, especially on the Audit Committee.
 • Francine McKenna
An auditor independence preview and several other silly SEC and DOJ proposals
They're intent on tearing it all down and letting the fraud flags fly!
 • Francine McKenna
Super Micro's working capital is under pressure, on top of all its other troubles
Super Micro was struggling to stay listed, fend off short-sellers, satisfy auditors and investigate itself. But now its working capital is under…
 • Francine McKenna and Olga Usvyatsky
Reported commentary on 8 professional services news stories
“The disadvantage of men not knowing the past is that they do not know the present.” G.K. Chesterton
 • Francine McKenna
Crosspost: Super Micro's export control issues: relationships with customers and financial reporting considerations
Assessing reported Oracle order changes, inventory exposure, and revenue recognition risks in a tightening export-control environment.
 • Olga Usvyatsky
More Cambridge and updates, ILearningEngines and the Bondis, Berkshire outstanding shares
A few fun things and updates for everyone then two in-depth commentaries on ILearningEngines and the Bondis, Brad and Pam, as well as the Class A trend…
 • Francine McKenna
Jumble sale: Cambridge, Paris, CAT, anniversaries, KPMG, and EY
It's bits and bobs, a mélange of goodies that I've been storing up while traveling. Bon appétit!
 • Francine McKenna
Cross Post: CoreWeave's new debt facility: beyond lower interest rate and $8.5 billion capacity
The new structure ties borrowing to execution, not just hardware.
 • Olga Usvyatsky
Those were the days: Tether, KPMG, PwC, SEC, PCAOB
I have been running around like a chicken without a head, as my mom would say, but I am keeping up with the news and providing my 2 cents, for you.
 • Francine McKenna
The Dig
The Dig
Francine McKenna digs into accounting, audit, and corporate governance issues at public and pre-IPO companies.
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