Societe Generale is a French bank founded in 1864 by a group of manufacturers and financiers. This bank was designed to encourage the growth of trade and industry in France. Its headquarters are in Paris and Nanterre‚ France. Currently Societe Generale has three main divisions that they focus on- these include: Retail banking and specialized financial services Corporate and Investment Banking Global Investment management and services Among these‚ their services also include specialized financing
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Summary Introduction I. Présentation of Société Générale A) History B) Key information 1- Structure 2- Stock Information 3- Fianancial information 4- Shareholders C) Activities II. Why use a capital increase ? A) The subprime crisis 1- Explanation of the crisis 2- Involvement of the general society B) The case of Jérôme Kerviel 1- Explanation of the fraud
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Advanced Auditing Case 5.7 SOCIETE GENERALE Questions 1 Using Auditing standards or your Textbook‚ define the following control – related terms:- a. Control environment b. Segregation of duties c. Restricted access d. Preventive and detective controls e. Design and operating effectiveness Answer: a. Control Environment: The control environment is the reflections of overall attitude of top management and owners of entities about control and its importance to the entity
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Jérôme Kerviel and Société Générale In brief Société Générale S.A. (SocGen) is a French multinational banking and financial services company headquartered in Paris. The company has a Corporate and Investment Banking division (Derivatives‚ Structured Finance and Euro Capital Markets). In the summer of 2000‚ Kerviel joined the middle offices in the bank Société Générale. He was working in the compliance department. In 2005 he was promoted to the bank’s Delta One products team in Paris where
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Case 8.11 Societe Generale 1) This was the hardest question I delt with in this case‚ so I went to the basics: Accounting and Auditing in France. I came across the Supreme Council of the Institute of Chartered Accountants(7) and the National Society of Auditors (CNCC). (8) After researching this I simply did a search on the individual websites for “recent developments”‚ and nothing major came up in regards to the individual organizations. However‚ on expert-comptables.fr‚ I came across a press
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Synthesis of the Capital increase: This increase was use with preferential subscritpion rights (PSR): No impairment in the value for the existing shareholders Size and price: 5.5 billion Euros with 116.7 million new shares It represent 25% of the number of shares outstanding 4 PSR will subscribe for 1 new share at a price of € 47.5 per share Prospect strategic of the group: Accelerate development in the professions and high-potential markets with the strong generation of capital associated
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A Rogue Trader at Societe Generale Roils the World Financial System Most Important Facts Surrounding the Case Societe Generale alias SocGen is one of the oldest and recognized financial firms in France and worldwide. SocGen employs more than 130‚000 workers and has 22.5 million customers all over the world. The company is a leader in Corporate and investment banking‚ retail banking and financial services‚ and global investment management services. In the
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Societe Generale Private Banking Hambros : Company Profile and SWOT Analysis On 23rd MAR. 2014 WealthInsight’s Societe Generale Private Banking Hambros : Company Profile and SWOT Analysis contains in depth information and data about the company and its operations. The profile contains a company overview‚ key facts‚ major products and services‚ SWOT analysis‚ business description‚ company history‚ financial analysis‚ recent developments‚ key employees‚ company locations and subsidiaries as well
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A Rogue Trader at Societe Generale Roils the World Financial System. 1. What concepts in this chapter are illustrated in this case? System vulnerabilities Computer crime: using computers as instruments of crime to defraud the bank‚ customers‚ and other financial institutions Internal threats from employees: Jerome Kerviel has access to privileged information; he was able to run through the organizations system without leaving a trace Business value of security and control: Organizations can
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SGS Societe Generale de Surveillance SA is short‚ translated as “SGS.” It was founded in 1887‚ is the world’s largest and oldest non-governmental third party quality control and technical appraisal of the multinational corporations. Headquartered in Geneva‚ the world no 251 branches‚ 256 specialized laboratories and 27 000 professional and technical personnel in 142 countries product quality inspection‚ monitoring and assurance activities. The company claims the world’s 23 countries (mainly developing
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