"Rogue trader internal control" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Powerful Essays

    Rogue Trader

    • 1534 Words
    • 7 Pages

    Rogue Trader Introduction: A rogue trader is a market professional who is basically involved in different unauthorized trading activities. Most people are highly familiar with the rogue trading activities‚ as there have been several instances of huge losses incurred under the rogue trading. Recently these rogue trading activities causing huge losses attracted the media and many films have been based on such rogue trading activities. The rogue trader movie has been highly famous as it portrayed

    Premium Risk Nick Leeson Risk management

    • 1534 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Rogue Trader

    • 753 Words
    • 4 Pages

    Short Essay of Rogue Trader In the movie Rogue Trader‚ Nick Leeson‚ a trader on behalf of the Barings Bank of England‚ made a series of financial fraud to cover the loss he incurred in trading—up to £800 million—in the Singapore International Monetary Exchange which ultimately led to the fall of Barings Bank. This tragedy was a mixed result of the personal greed and the lack of control in Barings Bank’s system. Most of the COSO internal control frameworks were violated with the “Control Environment”

    Premium Auditing Nick Leeson Internal control

    • 753 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Rogue Traders

    • 643 Words
    • 2 Pages

    In the four scandals of the ‘rogue traders’ and their respective banks‚ factors leading to the incidents are similar. In the Barings Bank and Nick Leeson scandal‚ we see a high management person who rose up to a position after building up on his reputation. Being transferred to the securities department after being promoted to general manager‚ the lack of experience trader along with a group of trading professionals were teamed to garner for smaller profits. Instead of fulfilling his role and work

    Premium Barings Bank Nick Leeson Rogue trader

    • 643 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Rogue Trader

    • 2864 Words
    • 10 Pages

    Rogue Trader Name(s) ___________________________ Accounting information systems ____________________________ I understand that this exam is to be completed by myself or in a team of two and that any assistance received from other students or any unauthorized source is cheating and subject to the appropriate disciplinary action as deemed by the Office of the Dean of Albers School of Business and Economics. I (we) am aware of the exam policies / rules provided and agree to abide by

    Premium Internal control Barings Bank Nick Leeson

    • 2864 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Rogue Trader

    • 719 Words
    • 2 Pages

    Lam Tran BBUS 435 – Accounting Information System Rogue Trader COSO Control Violations Short Essay The movie‚ Rogue Trader‚ narrates the true story of a man named Nick Leeson. He brought the Barings Bank down‚ which was one of the most venerable financial institutions in England. Nick Leeson was played by the actor Ewan McGregor‚ who started working in Indonesia for Barings Bank. He then became a trader on the floor of Singapore International Monetary Exchange. Nick’s responsibility was to trade

    Premium Nick Leeson Futures contract Barings Bank

    • 719 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The Rogue Trader

    • 1489 Words
    • 6 Pages

    Tread way Commission internal control is defined as the procedure‚ introduced and put into action by the executives of a company‚ which is designed to make available reasonable assurance of the‚ competence and usefulness of operations; trustworthiness and dependability of fiscal reporting; conformity to concerned rules and regulations. The process of internal control comprises of five interconnected components. These components are Control Environment‚ Risk Assessment‚ Control Activities‚ Information

    Premium Management Strategic management Marketing

    • 1489 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Rogue Trader

    • 2481 Words
    • 10 Pages

    He was assigned a job in Barings (Jakarta) to sort out a back-office mess that involves about £100 million in share certificate. After successfully completing his job assignment‚ Nick was transferred to Barings in Singapore to work as a derivative trader for both Singapore and Japan. Nick caused the lost for Barings Bank of almost 1.4 billion due to the enormous accumulation of trading obligations that he had built up. Nick Lesson thought he could make up the loss by waiting for the market price to

    Premium Management Auditing Barings Bank

    • 2481 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    the Rogue traders How Why and Implications surrounding his actions Word Count – 2‚439 SOC GEN Case Study Leeson‚ Iguchi‚ Rusnak….and now Kerviel has been unearthed as the new king of the rogue traders. His losses dwarfed that of Nick Leeson (Barings)‚ John Rusnack (AIB) and Toshihide Igichu (Daiwa) combined‚ with his losses amounting to €4.9bn. Worldwide financial institutions do not seem to have captured the risk surrounding rogue trading and implemented efficient controls to eradicate

    Premium Rogue trader Barings Bank Stock market

    • 2899 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Internal Control

    • 2256 Words
    • 10 Pages

    AUDIT MANAGEMENT | | | |(Topic: Internal Control & Related Aspects) | | | |

    Premium Internal control

    • 2256 Words
    • 10 Pages
    Satisfactory Essays
  • Powerful Essays

    Internal Control

    • 1209 Words
    • 5 Pages

    What is internal control and why is it important The American Institute of Accountants first defined the term internal control in 1949‚ followed by further clarifications in 1958 and 1972. In 1977 publicly held companies came under legislation to adequately implement controls to protect their financial information. A report by the Committee of Sponsoring Organizations in 1992 and the Sarbanes-Oxley Act of 2002 are more recent documents defining internal controls.( Bishop‚ 1991‚p.117-123; Colbert

    Premium Internal control

    • 1209 Words
    • 5 Pages
    Powerful Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50