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Lehman's Collapse - Repo 105/108 Transactions: The Anatomy of Accounting Deception

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2012 Webinar Image  CPE Credit: 2
Course Level: Intermediate
Prerequisite: None





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


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RECORDING DATE: November 21, 2013

FIELD OF STUDY: Accounting 

Last Updated: November 2013 


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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. 

nasba-cpe.gifThe Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: 


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Member Price:
$ 99.00
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