| ||CPE Credits: 2 |
Course Level: Intermediate
It was the largest collapse of a financial institution in history; Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The use of certain repurchase transactions (Repo 105) played a major role in the balance sheet manipulation leading up to the bankruptcy filing. This course will use the Lehman collapse to illustrate how rules-based accounting (GAAP) can be easily manipulated and how management can knowingly shop for legal opinions in order to cover questionable transactions.
You Will Learn How To:
Identify balance sheet manipulation
Understand how rules based accounting (GAAP) can be easily manipulated
Determine ways management can knowingly shop for legal opinions in order to cover questionable transactions
Requires FREE Adobe Acrobat Reader available at Adobe.com/acrobat.
PRESENTERS: Bruce Dubinsky, CFE, CPA, CVA, CFF, CFFA
RECORDING DATE: November 21, 2013
DURATION: 100 MINUTES
FIELD OF STUDY: Accounting
Last Updated: November 2013
ACFE Ordering and Return Policy
Online CPE exam grading available for this course:
Online grading is available for ACFE self-study workbook courses. Complete the course offline at your convenience, but take the exam online the moment you're ready. Featuring instant exam results and a printable certificate, online grading offers a quick and convenient way to earn CPE.
Benefits of online exam grading include:
Instant exam results
Printable CPE certificate
Complete the course at your own pace
Take the exam online the moment you're ready
Click here for instructions on accessing your online exam.
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.