Lehman-like Repo's in SEC Comment Letters - Audit Analytics Trend Reports

Lehman-like Repo's in SEC Comment Letters

Lehman-like Repo's in SEC Comment Letters - Audit Analytics Trend Reports
Lehman-like Repo's in SEC Comment Letters
Published Jul 21, 2010
9 pages — Published Jul 21, 2010
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About This Report

  
Abstract:

Federal regulators were aware of and concerned about potentially questionable accounting of short-term trades on Wall Street long before Lehman Brothers' collapse raised the issue. Since 2004, the Securities and Exchange Commission questioned 115 transactions by 102 different companies to assess if they accounted properly for repurchase agreements, or 'repos,' among other short-term trades. Audit Analytics reviewed more than 115,000 comment letters the SEC sent to companies asking questions about their securities filings. Based on the bankruptcy investigation, the examiner concluded that Lehman's failure to disclose the Repo 105 and Repo 108 transactions in the SEC filings rendered the filings materially misleading.

  
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Document ID
25
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Cite this Report

  
MLA:
Audit Analytics Trend Reports. "Lehman-like Repo's in SEC Comment Letters" Jul 21, 2010. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Audit-Analytics-Trend-Reports/Lehman-like-Repo-s-in-SEC-Comment-Letters-2033-18>
  
APA:
Audit Analytics Trend Reports. (2010). Lehman-like Repo's in SEC Comment Letters Jul 21, 2010. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Audit-Analytics-Trend-Reports/Lehman-like-Repo-s-in-SEC-Comment-Letters-2033-18>
  
US$ 195.00
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