Lehman Brothers 2008 Auditing Final Project Mariya Zdravkova MIAF 2011‚ IE Table of Content: 1. Company Introduction……………………………………………………..…………………………………….3 2. Collapse……………………………………………………………………………………..…………………………..3 3. The Report of Anton R. Valukas…………………………………………..……….…………………………3 4. The accounting fraud (Repo 105)…………………………………………………...……………………….3 5. The Auditor……………………………………………………………………………………………..……………..4 6. Ernst and Young role in Lehman Brothers´ case………………………………………………………
Premium Lehman Brothers Balance sheet Ernst & Young
Rosa Maldonado Vera Why did the USSR Collapse in 1991? In December of 1991‚ the Soviet Union broke down into fifteen separate countries. The west saw this collapse as a victory for freedom‚ a triumph of democracy over totalitarianism‚ and evidence of the superiority of capitalism over socialism. The United States were glad that its enemy was brought to its knees. The Cold War‚ which had confronted these two superpowers since the end of World War II‚ had ended. The breakup of the Soviet Union
Premium Soviet Union Cold War World War II
CRS Report for Congress Received through the CRS Web The Enron Collapse: An Overview of Financial Issues Mark Jickling‚ Coordinator Specialist in Public Finance Government and Finance Division Summary Only months before Enron Corp.’s bankruptcy filing in December 2001‚ the firm was widely regarded as one of the most innovative‚ fastest growing‚ and best managed businesses in the United States. With the swift collapse‚ shareholders‚ including thousands of Enron workers who held company
Premium Enron Enron scandal
Most people forget the role that the sun plays in our lives and they need to be reminded. SO our news team investigated the role that the sun plays in our lives. To start our investigation we researched all the things that the sun provides us with and the results were surprising. We found that the first effect of the sun going out would be that be the earth would be very dark and the temperature would quickly drop. In other words our climate would be a lot cooler. Another effect of the sun disappearing
Premium Earth Global warming Carbon dioxide
1. Who were the stakeholders involved in‚ or affected by‚ the collapse of Enron? All stakeholders were‚ obviously‚ affected by the collapse of Enron. However‚ several of them were critical‚ especially those being considered as market stakeholders such as suppliers‚ creditors‚ employees‚ and stockholders. These mentioned stakeholders seem to be Enron’s most recognizable as the essential contributors to its organization. They dared of giving up an available alternative in order to take a risk with
Premium Enron scandal Enron Audit
Lehman Trikes was engaging in a forward integration. They were able to obtain the front end parts needed for their trikes through their deal with Harley Davidson. Where other manufacturers were unwilling to provide these parts‚ Harley Davidson provided the parts and allowed Lehman to manufacture a completed product. Harley Davidson was engaging in a related diversification strategy. They were already selling motorized bikes but by including Lehman Trikes in the process they were able to sell
Premium Motorcycle Harley-Davidson Bicycle
Is America headed for an economic collapse? By: John Shepherd America’s collapse Is America headed for an economic collapse? Research indicates the possibility of an economic collapse because of the exorbitant national debt‚ loss of jobs‚ and the falling stock market. History can tell a story that many people overlook. People tend to repeat their mistakes and if we take a look at what is in the past we can predict what the future may hold. In the 1930’s the United States faced an economic
Premium Economics Unemployment United States
THE COLLAPSE OF ENRON August 11 2008 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] FROM PERSPECTIVE OF CORPORATE GOVERNANCE TABLE OF CONTENTS CONTENTS PAGE NO. Introduction 3 Background of Enron 3 Enron Business Model 4 Summary of transactions & Partnerships
Premium Enron Enron scandal Corporate governance
A King’s Collapse Unfortunately‚ in about every person’s life either a tragic event or a series of tragic events can be found and in some cases more than others. To many people a tragic hero could be defined as someone who performs a heroic act‚ but dies in the process. Nevertheless‚ this statement is wrong‚ but instead a tragic hero needs five elements. To be a tragic hero one would need noble stature‚ a tragic flaw‚ free choice‚ excessive punishment and increased awareness. When discussing the
Premium Sophocles Tragic hero Tragedy
happened during the Classic period which thereafter seen the mystical collapse of Maya empire ( Maya civilization‚ n.d.)‚ so the purpose of this research paper is to give some basic concepts about Maya civilization and to demonstrate a number of explanations of Maya collapse in the Classic period through three sections: Maya civilization through three periods of time‚ Maya successful achievement and rationales behind the collapse of Maya empire in end of the Classic era (250 AD to 900 AD). II. Discussion
Premium Maya civilization