Freddie Mac's accounting restatement: are accounting standards working? : hearing before the Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on Energy and Commerce, House of Representatives, One Hundred Eighth Congress, second session, January 28, 2004U.S. Government Printing Office, 2004 - 52 lappuses |
No grāmatas satura
1.–5. rezultāts no 11.
8. lappuse
... derivatives portfolio , in particular , its portfolio of interest - rate swaptions , had substantial gains that had ... derivative gains into future periods and recognize them gradually into income . To maintain Freddie Mac's image as a ...
... derivatives portfolio , in particular , its portfolio of interest - rate swaptions , had substantial gains that had ... derivative gains into future periods and recognize them gradually into income . To maintain Freddie Mac's image as a ...
9. lappuse
... derivatives gain . The report describes how the head of Freddie Mac's Market Risk Oversight unit worked with Freddie Mac's derivatives desk to reverse - engineer a lower value for its swaptions portfolio . The revised swaption valuation ...
... derivatives gain . The report describes how the head of Freddie Mac's Market Risk Oversight unit worked with Freddie Mac's derivatives desk to reverse - engineer a lower value for its swaptions portfolio . The revised swaption valuation ...
10. lappuse
... derivatives execution , administration , and accounting processes require improvement and that further deterioration in controls could affect the reliability of financial reporting . Neither management , internal audit or the external ...
... derivatives execution , administration , and accounting processes require improvement and that further deterioration in controls could affect the reliability of financial reporting . Neither management , internal audit or the external ...
11. lappuse
... derivatives were identified as one of the six major restatement issues and constitute the largest dol- lar impact of the restatement . Many of the weaknesses discussed to date were identified by the internal audit , but remained out ...
... derivatives were identified as one of the six major restatement issues and constitute the largest dol- lar impact of the restatement . Many of the weaknesses discussed to date were identified by the internal audit , but remained out ...
12. lappuse
... derivatives occasioned by implementation of FAS 133 . However , the reaudit and restatement process itself raised ... derivative trans- actions to push earnings into future periods and meet earnings expectations . Freddie Mac cast aside ...
... derivatives occasioned by implementation of FAS 133 . However , the reaudit and restatement process itself raised ... derivative trans- actions to push earnings into future periods and meet earnings expectations . Freddie Mac cast aside ...
Citi izdevumi - Skatīt visu
Bieži izmantoti vārdi un frāzes
accounting area accounting controls accounting errors accounting policies accounting standards Armando Falcon Arthur Andersen Baker Botts BAUMANN billion California Chairman Stearns Cliff Stearns committed company's completed the restatement compliance consent order correct DELEO disclosure standards Doty report duration gap earnings growth earnings per share ensure examination of Freddie executive compensation expertise external auditor fair value Fannie Mae FASB Federal Housing Enterprise financial engineering financial reporting financial statements FRED UPTON Freddie Mac Freddie Mac's accounting function GAAP goals hearing Housing Enterprise Oversight implement improve income Internal Audit Department internal controls issues JOHN SHIMKUS look management team meeting ment mortgage OFHEO OFHEO's report operations portfolio Price WaterhouseCoopers recommendations registration remediation program responsibility restatement period risk safety and soundness scandal securities senior management SHADEGG SHIMKUS special examination steady earnings STRICKLAND Subcommittee on Commerce swaptions TED STRICKLAND Thank tion transactions transparency
Populāri fragmenti
4. lappuse - I yield back my time. [The prepared statement of Hon. John Shimkus follows:] PREPARED STATEMENT OF HON. JOHN SHIMKUS, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS Good morning, Mr.
16. lappuse - Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the...
7. lappuse - A REPRESENTATIVE IN CONGRESS FROM THE STATE OF CALIFORNIA Thank you Mr. Chairman for holding this hearing today.
1. lappuse - HOUSE OF REPRESENTATIVES, COMMITTEE ON ENERGY AND COMMERCE, SUBCOMMITTEE ON COMMERCE, TRADE, AND CONSUMER PROTECTION, Washington, DC. The subcommittee met, pursuant to notice, at 10 am, in room 2123, Rayburn House Office Building, Hon.
31. lappuse - While we complete this work, we are continuing to fulfill our important public mission, maintain our safety and soundness, and meet our business objectives. Thank you for the opportunity to appear today. I look forward to working with Chairman Baker, Ranking Member Kanjorski and the Members of this Subcommittee.
19. lappuse - I would be happy to answer any questions that you and members of the committee may have. Senator MAGNUSON.
35. lappuse - ... checks, money orders, or similar instruments, any broker or dealer in securities registered or required to be registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934...
17. lappuse - Adequate criteria are needed to evaluate controls. Internal auditors should ascertain the extent to which management has established adequate criteria to determine whether objectives and goals have been accomplished. If adequate, internal auditors should use such criteria in their evaluation.
28. lappuse - Thank you, Chairman Stearns, Ranking Member Schakowsky and members of the subcommittee.
12. lappuse - Chairman, that concludes my prepared remarks and I am pleased to answer any questions that you or other members of the subcommittee may have.