Crypto Critics' Corner

The Foul Financials of Cryptocurrency (Feat. Francine McKenna)

Mar 17, 2022

01:05:57

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Highlights

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Episode notes

The Thorinos Trial

05:20

Private Firms - What Are the Private Firm Suggestions?

01:32

What Happened in the G E and in the Under Armor Case?

05:09

Introduction

6min

The Issues of Auditing Back in the Enron Era

4min

What Are the Women Who Are the Whistle Blowers in Enron?

5min

Is There a Way to Fix Auditing?

4min

Is There a Shift in Cryptocurrency?

2min

The Thorinos Trial

5min

Investing for Protection - I'm Against Eliminate the Mandatory

2min

Private Firms - What Are the Private Firm Suggestions?

2min

The Incentives Around Enforcing Corporate Fraud

2min

10.

What Happened in the G E and in the Under Armor Case?

5min

11.

Microstrategy and the Auditors

2min

12.

Is the Fine Deterring Future Behavior?

5min

13.

The Revolving Door of the C C

1min

14.

The Difference Between an Attestation and an Audit

4min

15.

What's the Fundamental Problem With Tether?

3min

16.

Doing a Financial Audit Isn't the Same as Doing a Financial Audit

4min

17.

Is There a Requirement for Segregating Aseds?

4min

18.

Cryptocurrency

6min

Today Bennett and Cas are proud to have Francine McKenna, former auditor, current journalist, and soon to be professor at Wharton, to talk to us about all the problems with auditing, cryptocurrencies, and, let's face it, Tether's totally garbage attestations.

Francine's newsletter: https://thedig.substack.com

The Chickenshit Club by Jesse Eisinger: https://www.amazon.com/Chickenshit-Club-Department-Prosecute-Executives/dp/1501121375/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=

Dave Michaels' article on The Big Four: https://www.wsj.com/articles/big-four-accounting-firms-come-under-regulators-scrutiny-11647364574