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 |
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1.5. rezultāts no 11.
8. lappuse
... audit would be delayed and that earlier periods would be re - audited and restated . They switched external auditors from Arthur Anderson to Price WaterhouseCoopers . That triggered an assessment of Freddie Mac's accounting policies and ...
... audit would be delayed and that earlier periods would be re - audited and restated . They switched external auditors from Arthur Anderson to Price WaterhouseCoopers . That triggered an assessment of Freddie Mac's accounting policies and ...
10. lappuse
... external auditor , weak accounting controls and an over reliance on manual systems . A thorough review and update of ... external audi- tor . Arthur Andersen was soon in a position of auditing its own work . Freddie Mac , as part of the ...
... external auditor , weak accounting controls and an over reliance on manual systems . A thorough review and update of ... external audi- tor . Arthur Andersen was soon in a position of auditing its own work . Freddie Mac , as part of the ...
12. lappuse
... audit would be delayed and that earlier periods would be reaudited . A switch in external auditors from Arthur Andersen to PricewaterhouseCoopers - had triggered a re- evaluation of Freddie Mac's accounting policies , especially those ...
... audit would be delayed and that earlier periods would be reaudited . A switch in external auditors from Arthur Andersen to PricewaterhouseCoopers - had triggered a re- evaluation of Freddie Mac's accounting policies , especially those ...
15. lappuse
... external auditor , weak accounting controls , and an over reliance on manual systems . Given the size of the company and its role in the housing fi- nance and capital markets , those weaknesses effectively increased the systemic risk ...
... external auditor , weak accounting controls , and an over reliance on manual systems . Given the size of the company and its role in the housing fi- nance and capital markets , those weaknesses effectively increased the systemic risk ...
16. lappuse
... auditor's independence . There are also indicators that the Board was comfortable relying completely on the external auditor for accounting expertise . This contradicts current accounting literature , which holds management accountable ...
... auditor's independence . There are also indicators that the Board was comfortable relying completely on the external auditor for accounting expertise . This contradicts current accounting literature , which holds management accountable ...
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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.