SEC and Corporate Audits: Failure of ESM Government SecuritiesU.S. Government Printing Office, 1985 - Auditors |
From inside the book
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Page 172
... goodwill has grown from less than 1 percent of regulatory net worth at the start of 1981 to more than 63 percent of regulatory net worth at the end of 1984 . If accountants in the savings and loan industry have allowed their clients to ...
... goodwill has grown from less than 1 percent of regulatory net worth at the start of 1981 to more than 63 percent of regulatory net worth at the end of 1984 . If accountants in the savings and loan industry have allowed their clients to ...
Page 171
... goodwill , but many ex- perts say there is little or no real value in the goodwill assets car- ( 171 ) ried on the books of many savings and loan institutions November 7, 1985.
... goodwill , but many ex- perts say there is little or no real value in the goodwill assets car- ( 171 ) ried on the books of many savings and loan institutions November 7, 1985.
Page 172
... goodwill has grown from less than 1 percent of regulatory net worth at the start of 1981 to more than 63 percent of regulatory net worth at the end of 1984 . If accountants in the savings and loan industry have allowed their clients to ...
... goodwill has grown from less than 1 percent of regulatory net worth at the start of 1981 to more than 63 percent of regulatory net worth at the end of 1984 . If accountants in the savings and loan industry have allowed their clients to ...
Page 173
... goodwill be treated ? Goodwill is one of those ele- ments of a business which is both real but difficult to quantify . Es- tablishing an accounting standard or guideline for reporting it in the kind of cases we are going to discuss today ...
... goodwill be treated ? Goodwill is one of those ele- ments of a business which is both real but difficult to quantify . Es- tablishing an accounting standard or guideline for reporting it in the kind of cases we are going to discuss today ...
Page 178
... goodwill and I understand and I , too , refer to it as goodwill but please understand that we accountants are ab- solutely honest . We have absolute integrity . We merely refer to it as the excess of the cost acquired entity over the ...
... goodwill and I understand and I , too , refer to it as goodwill but please understand that we accountants are ab- solutely honest . We have absolute integrity . We merely refer to it as the excess of the cost acquired entity over the ...
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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
Popular passages
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Page 580 - DoD personnel shall avoid any action whether or not specifically prohibited by this part, which might result in, or create the appearance of: 1.
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Page 413 - No person, acting directly or indirectly or through or in concert with one or more other persons, shall acquire control of any insured depository institution through a purchase, assignment, transfer, pledge, or other disposition of voting stock of such insured depository institution unless the appropriate Federal banking agency has been given sixty days...
Page 412 - An insured institution if the person directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, or holds with power to vote, or holds proxies representing, more than 25 percent of the voting shares of such insured institution, or controls in any manner the election of a majority of the directors of such institution...
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Page 580 - Purpose. The maintenance of unusually high. standards of honesty, integrity, impartiality, and conduct by Government employees and special Government employees is essential to assure the proper performance of the Government business and the maintenance of confidence by citizens in their Government.
Page 643 - Commerce US House of Representatives Room 2125, Rayburn House Office Building Washington, DC 20515 Dear Mr.
Page 357 - Financial reporting should provide information that is useful to present and potential investors and creditors and other users in making rational investment, credit, and similar decisions.