Through a series of recent real-world accounting-related cases “ripped from the headlines,” we'll focus on recent trends in using accounting for fraud, and what kinds of schemes repeatedly catch the eye of the SEC and DOJ. We'll also talk about the “occasions for ethical lapses” that these cases highlight and how professionals are succumbing to the pressure to “go along with it” in the workplace.
Field of Study: Ethics
CPE being offered: 1.0 ICMA CPE
About the speaker
Francine McKenna is a full-time Lecturer at University of Pennsylvania Wharton Business School. She teaches ACCT 611 and 613, Introduction to Financial Accounting for MBAs. She is also an independent writer and commentator and authors the newsletter The Dig, where she scrutinizes accounting, audit and corporate governance issues at public and pre-IPO companies.
Beginning in 2006, McKenna was an investigative reporter and feature writer for publications including Dow Jones MarketWatch, Forbes, American Banker, Financial Times, Chicago Booth Review, the Pro-Market blog of the University of Chicago’s Stigler Center, Accounting Today, and Boston Review. At MarketWatch, and for The Wall Street Journal and Barron’s, McKenna reported on public company accounting, fraud and financial investigations, and the potentially dubious financial reporting practices of pre-IPO companies. Her column “Accounting Watchdog” appeared at Forbes.com. Her column “Accountable” appeared in American Banker. You may also know her writing from her blog, reTheAuditors.com, now FrancineMcKenna.com. McKenna was a member of the inaugural class of Journalism Fellows at the Stigler Center of the University of Chicago Booth School of Business. She was twice a finalist for the Gerald Loeb Award for Distinguished Financial Journalism, for reTheAuditors.com and for her magazine articles at Forbes.
McKenna has lived and worked in Mexico, Brazil, Argentina and Italy, and is fluent in Spanish as well as her native English. Before turning to journalism and academia, McKenna spent more than 20 years in public accounting and consulting, including as a managing Director for KPMG LLP/BearingPoint in the U.S. and Latin America, and auditing the firm itself in the post-Sarbanes-Oxley era as a Director for PricewaterhouseCoopers LLP.
McKenna earned a Master’s in Liberal Arts degree from the University of Chicago and an undergraduate degree is from Purdue University’s Krannert School where she majored in accounting. She is a registered CPA in Illinois.