Category: Kahneman et al, “Noise”
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Chinese Companies in the US: The SEC Should Be Making American Foreign Policy?
No comments on Chinese Companies in the US: The SEC Should Be Making American Foreign Policy?Nearly a year into the Biden presidency, the breaks with his predecessor are stark and wide-ranging:…
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Cap the Big Four’s UK Audit Market Share? A Message From the Facts
It’s nearly four years since Carillion's collapse in the United Kingdom triggered the latest wave -–…
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Book Review — “Noise: A Flaw In Human Judgment”
For those making group or individual judgments or decisions, on the job or personally: when Danny…
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Bubble-Wrap Around Sealed Air’s Auditor Change — Punctured by the SEC’s Blunt Tool
It's a pleasure to be a guest again at Bloomberg Tax, which on August 25 published…
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Audit Market Caps in the United Kingdom – The Financial Times Fails a Math Test
“The Glacial Pace of Audit Reform Needs To Speed Up” The Financial Times might wish to…
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Vax Resistance? Gimme A Break
This is the effort a white-haired Chicago veteran went to, to get his Covid-19 shot this…
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Remembering Bernie Madoff — His Character Was Provable on the Golf Course
Bernie Madoff, the Ponzi schemer who died in prison yesterday while serving a 150-year sentence, provided…
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Vax Populi: A Dispatch From the VA
Yesterday morning, volunteering at the COVID vaccination center in the hulking Veterans Administration hospital on our…
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Book Review: Tim Harford, “The Data Detective”
Released today, by Riverhead Books — "The Data Detective" — so titled in its American edition,…
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RIP Senator Paul Sarbanes
Former United States Senator Paul Sarbanes (D-Md) has died, age 87. No notice of his passing…
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Book Review: Tim Harford, “How to Make the World Add Up”
“Two aristocrats are out horseback riding and one challenges the other to see which can come…
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Merci pour “Le Grande Thanksgiving” – As Art Buchwald Explained It To the French
Even with the many and perplexing challenges that seem out of control and continue to inflict…
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Audit Regulation After Wirecard – Germany Marches Backwards
In French it’s déjà vu — adopted in English, for lack of an equivalent. The same…
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Voting in America – Lessons at the Polls
“You can observe a lot by watching.” — Philosopher and baseball legend Yogi Berra I…
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De-Listing Chinese Companies – American Policy is “Ready, Fire, Aim”
The American securities regulators have a problem with China, expressed in their hand-wringing laments (e.g., here…
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Baseball Is Back — Dr. Fauci Brings Some Joy to Mudville
This was drafted and ready this morning; as the footnote explains, because I paused for lunch,…
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COVID-19: Florida’s Inexcusable Fiasco Goes National
“There are no words” is not a default available to those presuming to take a public…
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Wirecard Crashes – And Everything Old Is New Again
German payments processor and DAX market darling Wirecard AG has been revealed to have a €…
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For Chinese Companies — “Double Secret Probation”?
With appreciation to my friend and colleague Francine McKenna, this guest contribution is up today on…
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A Valedictory for My Students: Keep the Bar High
My law school teaching in Paris — “Risk Management and Decision-Making” — is wrapping up for…
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Clorox, UV and Coronavirus – Trump’s Ignorance Stirs A Toxic Cocktail
“So, supposing we hit the body with a tremendous — whether it’s ultraviolet or just very…
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So What If the SEC Swallowed the PCAOB?
The proposal in the Trump administration's new budget, to roll the PCAOB up into the SEC…
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The Quality of Audit Is Strained – Sir Donald Brydon to the Rescue?
In mid-December, Sir Donald Brydon, estimable London banker and recently retired head of the London Stock…
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RIP Paul Volcker (1927-2019) – There Was One Wreck He Couldn’t Salvage
The out-pouring of encomia for Paul Volcker, who has died at age 92, would tower over…
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Critical Audit Matters: The Games Are On
As a guest on Going Concern — on October 27 and today — I've been looking…
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Critical Audit Matters: Does Anybody Care?
It's always a pleasure to be a guest on Going Concern — with thanks to Jason,…
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Grant Thornton Quits as Auditor of Sports Direct – Why It Matters
“Oh they’ll find some dumb son of a bitch….” — Fire Chief Mike O’Hallorhan (Steve McQueen)…
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What Price Wrong-Doing? Sanctions Against KPMG Are Complicated
It's always a pleasure to be a guest at Going Concern — where the post below…
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Failure Study: Can Auditors Get Better?
“How can you hope to improve, if you can’t tell whether you’re good or not?” My…