August 02, 2010
Transparency - One Step Forward, but Half a Step Back?
One of the most helpful initiatives to come out of the credit crisis - and Madoff in particular - is the concept of the administrator transparency report. These documents, now in use by several administration firms and in development by...
Posted at 07:00 PM
June 30, 2010
And an unbelievable rogue trader...
According to Britain's Daily Telegraph, a 34 year old broker (nonetheless described as "senior and longstanding") with a small, London based oil trader managed to trade more than $500 million of oil futures in the middle of the night, moving...
Posted at 07:00 PM in Blow Ups
June 30, 2010
More on High Frequency Trading
We last discussed high frequency trading in the aftermath of the "flash crash". Today's Wall Street Journal contains a very interesting on the topic. Among the WSJ's comments: Jeff Engelberg, a trader at Southeastern Asset Management Inc., a Memphis, Tenn.,...
Posted at 07:00 PM
June 05, 2010
A recap on some audit issues
Looking back over our posts over the past year or so, we've commented on a number of issues which impact investors' due diligence procedures when thinking about the audit process, the financial statements, and the auditor themselves. We thought it...
Posted at 07:00 PM
