Saturday, March 13, 2010

Lehman Brothers and their US$50 bllion creative accounting

Read on below on Lehman Brothers and how they tried to hide US$50 billion assets in their balance sheet in 2008. The question now is could auditing firm Ernst & Young be the next Enron?

Should you are interested in the Enron case, read the wikipedia.

Could Lehman be Ernst & Young's Enron? [via]

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