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What Price Wrong-Doing? Sanctions Against KPMG Are Complicated

“Sell in May and go away” was an investors’ adage invoked as vacation strategy in a more genteel era. Returns in the summer were said to lag the rest of the year—and in any event, that’s how brokers justified their holiday cottages on the eastern seaboard. This year the maxim has twice failed my attempt […]

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Sooooo Did Anyone Else Notice Thomson Reuters Just Bought Confirmation?

Thomson Reuters quietly buffed up its audit tool suite this week with the announcement that they’ve signed a “definitive agreement” to acquire Confirmation, everyone’s favorite way to get confirmations without using interns. The details of the deal are secret but we can only imagine it involves truckloads of money based on what we know about […]