
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...
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.,...
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...






