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Lehman Brothers and Repo 105 Case Solution & Answer

This Case is about AUDITING

PUBLICATION DATE: October 13, 2011 PRODUCT #: 112050-HCB-ENG

The fall of Lehman Brothers in 2008 was the biggest bankruptcy in US history. The case analyzes the economics of the off-balance sheet transactions Lehman emphasizes, the corporate governance challenges, and undertook before the descend in state of affairs where companies face capital market pressure and market declines. In particular, the case analyzes auditing the financial accounting and internal management control practices round the Repo 105 trades, which had a major effect on the leverage standing of the organization. Predicated on the findings of the bankruptcy examiner’s report, the case targets the function that the audit committee, outside auditors, as well as management played in what amounted to an important control collapse.

Lehman Brothers and Repo 105 Case Solution
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