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 18.
8. lappuse
... implement FAS 133 , Accounting for De- rivative Instruments and Hedging Activities . " In addition to their many operational challenges , FAS 133 was problematic to Freddie Mac with respect to its goal of steady earnings growth ...
... implement FAS 133 , Accounting for De- rivative Instruments and Hedging Activities . " In addition to their many operational challenges , FAS 133 was problematic to Freddie Mac with respect to its goal of steady earnings growth ...
11. lappuse
... implement . I am pleased to inform the subcommittee that the majority of these actions have been put in place . Of the 14 recommendations relating directly to Freddie Mac , a consent order has applied 11 of these recommendations . I am ...
... implement . I am pleased to inform the subcommittee that the majority of these actions have been put in place . Of the 14 recommendations relating directly to Freddie Mac , a consent order has applied 11 of these recommendations . I am ...
12. lappuse
... implementation of FAS 133 . However , the reaudit and restatement process itself raised questions beyond merely the choice of accounting policies . On June 7 , as Freddie Mac prepared to announce the abrupt departure of three of its ...
... implementation of FAS 133 . However , the reaudit and restatement process itself raised questions beyond merely the choice of accounting policies . On June 7 , as Freddie Mac prepared to announce the abrupt departure of three of its ...
13. lappuse
... implement FAS 133 , Accounting for Derivative Instruments and Hedging Âctivities . Given the large size of Freddie Mac's derivatives portfolio , FAS 133 pre- sented management with many operational challenges relating to systems , docu ...
... implement FAS 133 , Accounting for Derivative Instruments and Hedging Âctivities . Given the large size of Freddie Mac's derivatives portfolio , FAS 133 pre- sented management with many operational challenges relating to systems , docu ...
15. lappuse
... of its audit client . Arthur Andersen appears to have disregarded this prin- ciple by counseling the company on issues ranging from FAS 133 implementation to accounting affects of new products . The many organizational 15.
... of its audit client . Arthur Andersen appears to have disregarded this prin- ciple by counseling the company on issues ranging from FAS 133 implementation to accounting affects of new products . The many organizational 15.
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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 California Chairman Stearns CLIFF STEARNS committed company's completed the restatement compliance consent order Consumer Protection 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 million mortgage OFHEO OFHEO's report operations portfolio recommendations registration remediation program responsibility restatement period risk safety and soundness scandal securities senior management SHADEGG SHIMKUS special examination steady earnings Subcommittee on Commerce swaptions Thank tied to earnings tion transactions transparency
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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.