Lehman's Collapse-Repo 105/108 Transactions: The Anatomy of Accounting Deception (On-Demand Webinar)


CPE Credit: 2 
Course Level: Intermediate
Prerequisite: None


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 the purpose of repurchase agreements and the rules that regulate them.
  • Recognize how balance sheets can be manipulated.
  • Discern how rules-based accounting (U.S. GAAP) can be easily manipulated.
  • Recall the consequences that arose from Lehman Brothers’ use of repurchase agreements.
     

ACFE Ordering and Return Policy


Webinar Information:

PRESENTERS: BRUCE DUBINSKY, CFE, CPA, CVA, CFF
RECORDING DATE: NOVEMBER 21, 2013
DURATION: 100 MINUTES  


CPE Information:


ADVANCED PREPARATION: NONE

FIELD OF STUDY: ACCOUNTING

LAST UPDATED: FEBRUARY 2018

DELIVERY METHOD: QAS SELF-STUDY

ACFE On-Demand Webinar Courses Feature:

24/7 access to courses through your Internet browser
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System Requirements:

Internet access: High-speed connection recommended

Free Adobe Flash Player

Speakers required for video sound