Renee Howdeshell

Renee Howdeshell is a founding member of Fulcrum Inquiry, an accounting, finance and economic consulting firm that performs damage analyses for commercial litigation, forensic accountings, royalty & distribution audits, financial investigations, and business valuations. Ms. Howdeshell holds a degree in Finance and Marketing from the University of Virginia's McIntire School of Commerce and is a Certified Public Accountant (CPA) and a Certified Fraud Examiner (CFE). She has testified as an expert witness in federal court, CA state court and arbitration regarding the results of her work. She can be reached at (213) 787-4112 and her resume is available at www.fulcrum.com.

Most commented posts

  1. The hardest-fought license terms may be the least likely to be in compliance. — 7 comments
  2. Embezzlement at the House of Twain — 4 comments
  3. Hollywood Accounting: Another good reason to read (and audit) your contracts. — 3 comments
  4. Michael Vick and the Duration of Reputational Damage — 3 comments
  5. “Too Big to Audit” is no defense — 3 comments

Author's posts

Big Four Attempt to Increase Their Influence

The “Big Four” accounting and audit firms are spending more than they have since 2002 (the year they lost one of their own in the Enron debacle) on lobbying the US government.  According to a Reuters analysis of congressional disclosure reports, the four accounting powerhouses spent a combined $9.4 million last year on in-house and outside …

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Permanent link to this article: https://betweenthenumbers.net/2012/03/big-four-attempt-to-increase-their-influence/

Former CEO recognized for whistleblower action

Michael Woodford has been recognized with the 2012 Cliff Robertson Sentinel Award by the Association of Certified Fraud Examiners (“ACFE”) for the whistleblower actions that allegedly led to his ousting from the company.  As the new CEO of Olympus Corporation, Mr, Woodford exposed alleged fraud at his own company.  The allegations involved improper accounting attributed to …

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Permanent link to this article: https://betweenthenumbers.net/2012/03/former-ceo-recognized-for-whistleblower-action/

Another Ponzi Scheme Conviction

Twenty years is a long time to keep a Ponzi scheme going, but it finally caught up with R. Allen Stanford, the Texas tycoon who was recently convicted on 13 of the 14 counts brought against him.  Stanford, previously among America’s wealthiest with an estimated net worth of $2 billion, now faces more than 20 years …

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Permanent link to this article: https://betweenthenumbers.net/2012/03/another-ponzi-scheme-conviction/

Specificity in Contracts Can Avoid Future Disputes

 Contracts are often long and arduous to read, with excruciating detail and numerous defined terms that sometimes bear little resemblance to their “real world” usage.  And yet, when a problem arises and each side points to the contract to prove the superiority of their position, many items still become a subject of dispute (even if one side’s current …

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Permanent link to this article: https://betweenthenumbers.net/2012/02/specificity-in-contracts-can-avoid-future-disputes/

Best Places to Work

Fortune has released its current list of the “100 Best Companies to Work For”, with Google topping the list for the third time in its history.  The highly sought after honor considers criteria such as pay, perks, culture, and job growth.  The full list can be found here, but the top twenty companies are: Google Boston …

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Permanent link to this article: https://betweenthenumbers.net/2012/02/best-places-to-work/

SEC Changes it Policy on Fraud Settlement Language…Somewhat

The Securities and Exchange Commission (“SEC”) has made a nuanced policy shift toward its fraud investigation settlements.  Previously the SEC allowed companies to settle fraud charges by paying a fine without admitting wrongdoing.  This practice has received widespread criticism despite SEC claims that it encouraged settlement and avoided expensive litigation. Going forward, the SEC will no longer allow defendants to say …

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Permanent link to this article: https://betweenthenumbers.net/2012/01/sec-changes-it-policy-on-fraud-settlement-language-somewhat/

PCAOB finding more and more “audit failures”

The Public Company Accounting Oversight Board (“PCAOB”) recently released its 2010 inspection report on Ernst & Young (“E&Y”).  Upon review of 62 audits and one assignment where E&Y had a role but was not the primary auditor, the PCAOB concluded that there were problems with 13.  Certain problems were of such significance that they constituted …

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Permanent link to this article: https://betweenthenumbers.net/2011/12/pcaob-finding-more-and-more-audit-failures/

“Checking it twice” is a good suggestion beyond Santa’s list…

News reporting is notorious for requiring rapid turnaround on emerging stories and budget cuts have certainly increased the pressure.  Perhaps as a result, there have lately been a number of glaring mistakes from organizations that pride themselves on their economic and business reporting.   For instance, Business Insider recently provided an article regarding “6 Awesome Math Tricks That Will Make Your Life …

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Permanent link to this article: https://betweenthenumbers.net/2011/12/checking-it-twice-is-a-good-suggestion-beyond-santas-list/

Report Identifies Top Undergraduate Business Programs

US News and World Report has unveiled its current listing of the top colleges, including various subcategories such as Best Undergraduate Business Programs.  The top five include three public universities and are as follows: University of Pennsylvania Massachusetts Institute of Technology University of California – Berkley University of Michigan – Ann Arbor University of Virginia New York University, …

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Permanent link to this article: https://betweenthenumbers.net/2011/09/report-identifies-top-undergraduate-business-programs/

In Lieu of Flowers…Social Security Sends $$

There is significant and valid concern over the government’s ongoing ability to maintain Social Security payment commitments.  Given these issues, one might reasonably expect the Social Security Administration to safeguard the existing assets.  Guess again. The Social Security inspector general estimates that $40 million was paid out to deceased beneficiaries.  These erroneous payments did not …

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Permanent link to this article: https://betweenthenumbers.net/2011/09/in-lieu-of-flowers%e2%80%a6social-security-sends/