A couple of weeks ago, David Einhorn bashed Green Mountain Coffee Roasters (NASDAQ:GMCR) in a 110-slide presentation called “GAAP-uccino” at the Value Investing Conference, sending the company’s shares down. The stock opened at $91.66, and closed at $82.50 the day […]
Lately, there has been talk of more requirements for auditors: more disclosures, more discussion, more information on who is doing the audits. Would a narrative by the auditors add more meaning to audit reports? One problem with audits is that […]
We hear over and over that there are “big budget cuts” and that government budgets have been “cut to the bone” and that there is “nothing left to cut.” What is the truth behind government budgets? The cuts are a […]
I am a firm believer that government employees are too highly compensated. While the perception is that these people are public servants, doing work out of the goodness of their hearts for little pay…. the reality is that they are […]
Rob Shuter, known as “Naughty But Nice Rob,” has been busy over at Huffington Post, trashing Bethenny Frankel for her sale of the Skinnygirl cocktail line to Fortune Brands earlier this year. In an October 11 story, Bethenny Frankel’s Skinnygirl […]
The steps to take when an employee comes forward with a fraud tip, whether the allegations are false or not. By Tracy Coenen, Contributor to CFO.com You think your company has a robust compliance program to prevent financial-statement fraud, asset […]
Recently I wrote about an internal investigation I did for a company which received a whistleblower complaint, sent to executives, the board of directors, and the Securities and Exchange Commission. Upon receiving notification that allegations of fraud were being made […]
The steps to take when an employee compes forward with a fraud tip, whether the allegations are false or not. Tracy L. Coenen – CFO Magazine You think your company has a robust compliance program to prevent financial-statement fraud, asset […]
In July, critics attacked Groupon (GRPN) and it use of a made-up accounting measure management called Adjusted CSOI. I suggested that the company made up the measure to exclude many of the company’s expenses to make the company look more […]
I was recently quoted in CFO Magazine for an article on creating an ethical culture within companies. Below are a few excerpts, including my comments. In December, the federal government cited a “lax corporate control environment” at Alcatel, which extended […]
