SEC and Corporate Audits: Failure of ESM Government SecuritiesU.S. Government Printing Office, 1985 - Auditors |
From inside the book
Results 1-5 of 68
Page 13
... whether that transaction was even discussed at the Board or at any executive committee meeting . But , in May 1984 , American invested approximately , May and June , $ 108 million of their U.S. Treasury notes and delivered 13.
... whether that transaction was even discussed at the Board or at any executive committee meeting . But , in May 1984 , American invested approximately , May and June , $ 108 million of their U.S. Treasury notes and delivered 13.
Page 36
... discussed in executive or board meet- ings or not . Mr. WYDEN . The Broads are still in control at American Savings and Loan , correct ? Mr. TEW . Correct . Mr. WYDEN . What are the Broads doing now down at American Savings and Loan to ...
... discussed in executive or board meet- ings or not . Mr. WYDEN . The Broads are still in control at American Savings and Loan , correct ? Mr. TEW . Correct . Mr. WYDEN . What are the Broads doing now down at American Savings and Loan to ...
Page 38
... American had no control over who the lenders were , and nor could they have any review . There was no evidence that the first $ 500 million of the transactions had ever been discussed or approved by the board of directors 38.
... American had no control over who the lenders were , and nor could they have any review . There was no evidence that the first $ 500 million of the transactions had ever been discussed or approved by the board of directors 38.
Page 39
... discussed or approved by the board of directors , and this was a violation directly of Florida law , and ESM refused to provide American with the amount of commissions involved . The question I want to ask you is , Do you believe the ...
... discussed or approved by the board of directors , and this was a violation directly of Florida law , and ESM refused to provide American with the amount of commissions involved . The question I want to ask you is , Do you believe the ...
Page 51
... discussed at that meeting concealing " unmatched repos " and transferring " unusual items " to Financial , an affiliate lie at the core of the accounting fraud . - out of this discussion grew a simple but successful scheme for masking ...
... discussed at that meeting concealing " unmatched repos " and transferring " unusual items " to Financial , an affiliate lie at the core of the accounting fraud . - out of this discussion grew a simple but successful scheme for masking ...
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Common terms and phrases
accepted accounting principles accounting principles acquired acquisition agency agreement American Savings approval arbitrage assets and liabilities audit basis Beverly Hills Savings BLACK BRILOFF business combination Certificates Chairman Gray CHRISTY committee confidential conflict of interest Counsel DINGELL Director documents equity Ewton examination reports Exchange Act fair value FASB Federal Home Loan Federal Savings FHLBB filed financial statements firm FSLIC funds GAAP going goodwill Government Securities hearing Home Loan Bank insured institutions intangible assets involved Kamp letter liquidation Loan Association Loan Bank Board Loan Insurance Corporation LUKEN matters million Mostek net worth NEUBERGER Office Ohio percent principal problems purchase question Raiden Receiver/Trustee record recusal regulations regulatory repo repurchase repurchase agreements request response reverse repo Savings and Loan Shepard Broad SIKORSKI staff Supervisory Agent Task Force Thomas Tew tion transaction voting trust Warner Washington worth WYDEN ZIMMERMAN
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