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Title:financial crisis & Lehman Bros fancy accounting
Category:Education: Financial Aid
Description:There has been much furore in financial sphere over the recent revelation of misleading accounting techniques used by Lehman Bros. An accounting trick, known as the Repo 105 aided financial relief to Lehman Brothers & financial crisis just before its supernova collapse. It now seems that the shenanigans spells used by them may cast a legal jeopardy for executives of Lehman and its auditors Ernst & Young.
Link Owner:EDu pristine
ID: 39502