“I don’t think the SEC’s culture is one that will make this effective one iota,” said Sherron Watkins, a one-time vice president at Enron, referring to expanded protections for whistleblowers included in the Dodd-Frank financial reform law. If she was in the same situation today as 10 years ago, when Watkins approached government authorities about accounting fraud at Enron, she would probably instead take her information to an organization like WikiLeaks, Watkins said. [Paper Trail]
Related Posts
Person From Switzerland Has the PwC Playbook Down Pat
- Jason Bramwell
- May 22, 2020
[Translated from German to English] “When the times are good, [PwC] hires young talent en […]
The Big 4 Abbott & Costello Routine
- Caleb Newquist
- September 21, 2010
“Do you want 7 to go into 28 a total of 13 times? Sure. Just hire a Big Four auditor, and he’s got a rubber stamp with your name on it.”
~ Gary Weiss thinks auditors are a joke.
A Freakishly Good Memory Isn’t Necessary to Succeed in Public Accounting
- Caleb Newquist
- May 25, 2010
“I know that some people might not have the same kind of memory that I have, but if you have enough passion about wanting to help people and you’re willing to work hard, you’ll go very far in the world of public accounting.”
~ Steven M. Braunstein, President of Snyder Cohn
