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CPE Credit: 2
Course Level: Intermediate
Prerequisite: None
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Description:
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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PRESENTERS: Bruce Dubinsky, CFE, CPA, CVA, CFF
RECORDING DATE: November 21, 2013
DURATION: 100 MINUTES
FIELD OF STUDY: Accounting
Last Updated: January 2016
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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
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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.