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Repo 105 and Why Auditors Have Some “Splainen to Do”
[By Staff Reporters]
According to ProPublica on March 16, 2010 on 9:07 am EDT, a post-mortem report on Lehman Brothers revealed a shady accounting maneuver through which the bank hid its financial troubles for nearly a decade.
Pleading Ignorance
In this repot, Marian Wang takes a closer look at the parties pleading ignorance and the auditors who admit they knew, but insist they did no wrong.
Assessment
Conclusion
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Filed under: Accounting, Ethics, Insurance Matters, Investing, Portfolio Management | Tagged: Accounting, investment bank, Lehman Brothers, Marian Wang, ProPublica, Repo 105 | 7 Comments »
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