Francine McKennainBull MarketPwC’s California Overtime Case Settles But The Big Four Business Model Will Change AnywayAfter more than eight years of back and forth, PwC recently agreed to settle the Campbell v. PwC overtime class action lawsuit pending in…Feb 26, 2015Feb 26, 2015
Francine McKennainBull MarketDeloitte US First Female CEO: We Wish We Really Knew YouBelated congratulations to the new Deloitte LLP CEO Cathy Engelbert!Feb 21, 2015Feb 21, 2015
Francine McKennainBull MarketWhen M&A Actors Share Auditors, Targets Get The Short StrawA new study, Shared Auditors in Mergers and Acquisitions, documents a novel auditor conflict of interest. The data suggests that when an…Jan 29, 2015Jan 29, 2015
Francine McKennainBull MarketNew York Times Reporters Perpetuate Popular Corporate Governance MythsSee, the road to hell is paved with good intentions/ Can’t you tell the way they have to mention/How they helped you out…Jan 6, 20153Jan 6, 20153
Francine McKennainBull MarketTeen Trader Dupes Journalist; It Happens To Auditors All The TimeEveryone wants to be a successful trader, even shy-looking high school seniors. Mohammed Islam, “Mo”, a 17-year old student of Bedford…Dec 22, 2014Dec 22, 2014
Francine McKennainBull MarketPwC Fights California Overtime Class Action But Reputation Risk Is HighThe global audit firms are often brought to court, but rarely to trial. If the truth can only come out in open court, the Big Four global…Dec 16, 2014Dec 16, 2014
Francine McKennainBull MarketPwC Cashes In On AIG; Taxpayers Lose, AgainOn November 5, the International Consortium of Investigative Journalists (ICIJ) revealed that more than 300 multinational companies “appear…Nov 29, 2014Nov 29, 2014
Francine McKennainBull MarketLuxembourg Tax Document Leak Leaves PwC And Its Multinational Clients VulnerableOn November 5 the International Consortium of Investigative Journalists (ICIJ) and its media partners released 28,000 Luxembourg tax ruling…Nov 12, 2014Nov 12, 2014
Francine McKennainBull MarketBroader Auditor Disclosures Shine Light On Tesco Fraud In UK; US Audit Firms Resist Similar…PricewaterhouseCoopers LLP (PwC) in the UK is the auditor of Tesco, the UK supermarket chain that announced a £250 million ($408 million…Oct 24, 2014Oct 24, 2014
Francine McKennainBull MarketWhen Big Four Audit Firms Need An Audit They Choose CheapAn audit by a PCAOB-registered firm, PricewaterhouseCoopers (PwC), unfortunately did not prevent the loss of $141 million for lax controls…Oct 14, 2014Oct 14, 2014