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global imbalances led to the housing bubble and the global financial crisis

FROM CREATIVE ACCOUNTING PRACTICES AND ENRON PHENOMENON TO THE CURRENT FINANCIAL CRISIS pptx

FROM CREATIVE ACCOUNTING PRACTICES AND ENRON PHENOMENON TO THE CURRENT FINANCIAL CRISIS pptx

Kế toán - Kiểm toán

... among the first to respond to the Enron crisis Unfortunately, and sadly reminiscent of financial disasters in the 1970s and 1980s, this response will likely be viewed by investors, creditors, ... image of the fact that some companies may use the legal form of transactions to hide the underlying economic substance of these transactions .To the curent financial crisis On this time the states ... events wake suspicions and encourage reflection regarding the role, independence and the objectivety of the auditors (Sikka, 2009) Conclusion The effects of the financial crisis which emerged at...
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Tài liệu The Culture That Gave Rise To The Current Financial Crisis pptx

Tài liệu The Culture That Gave Rise To The Current Financial Crisis pptx

Thời trang - Làm đẹp

... contributions; and, in the financial arena, bestowal of wealth to traders and managers that is totally disproportionate to the value they add to investors’ wealth Indeed, the financial sector actually ... restoring to their principals the neglected rights of ownership of stocks, and demanding that corporate directors and managers meet their fiduciary duty to their own shareholders (4) The right to ... force these managers to use their own ownership position to demand that the managers and directors of the business corporations in whose shares they invest also honor their own fiduciary duty to the...
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Lessons from the global financial crisis and recommendations to Vietnamese banking sector

Lessons from the global financial crisis and recommendations to Vietnamese banking sector

Giáo dục học

... officials and Vietnamese and foreign experienced experts in banking and finance to understand the causes and effects o f the global financial crisis to the world and Vietnamese banking sector to draw ... and domestic researches have been carried out on the impacts of the global financial crisis to the economy of Vietnam, but few of them emphasize the lessons from the global financial crisis to ... some good data to the thesis Contributions of the thesis The thesis contributes some lessons from the current global financial crisis to the banking industry o f the world in general and of Vietnam...
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Tài liệu Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects ppt

Tài liệu Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects ppt

Ngân hàng - Tín dụng

... banks have the explicit legal mandate to not maximize profits, but to provide financial access to the community in which they operate and in particular to customers without access to financial ... even after the beginning of the financial crisis in 2007, however Accordingly, a substantial part of the U.S and global rescue and stimulus packages in response to the crisis is targeted towards ... all of the Landesbanken and thus some but not all of the savings banks are affected by the financial crisis The Landesbanken in Saxony, North Rhine-Westphalia, and Bavaria are the only Landesbanken...
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Báo cáo

Báo cáo " Thailand’s inadequate response to the 2008 Economic Crisis: Implications for Vietnam and other countries entering the East Asian economic model " pptx

Báo cáo khoa học

... attached to it, brought the IMF and its conditionalities to Thailand and encouraged policy-makers and financial elites to begin to speak with the discourse of prudence and parsimony and gave ... attempted to reconcile the causes changed by the EAEM and the desire to maintain its continuance and the continuance of the benefits that it brings An understanding of these issues is the first step towards ... manifested in the case of Thailand, as a means of helping to understand how the economy needs to change in response to current and probably future changes in the global economy It then goes on to describe...
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Bank Funding Structures and Risk: Evidence from the Global Financial Crisis pptx

Bank Funding Structures and Risk: Evidence from the Global Financial Crisis pptx

Ngân hàng - Tín dụng

... by the author(s) and are published to elicit comments and to further debate Abstract This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and ... tend to weaken the connections between the macroeconomic environment in the run-up to the crisis and the likelihood of subsequent bank failure These hypotheses are taken to the data in the next ... Liquidity and Leverage by Failed and Non-Failed Banks .21  Distributions of Pre -Crisis Liquidity and Leverage across Failed and Non-Failed .22  I INTRODUCTION The global financial crisis raised...
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The Global Financial Crisis: Analysis and Policy Implications doc

The Global Financial Crisis: Analysis and Policy Implications doc

Tài chính doanh nghiệp

... of the Financial Crisis :The Rise and Fall of Risky Mortgage and Other Debt CRS-32 The Global Financial Crisis: Analysis and Policy Implications Following the Asian financial crisis, much of the ... Commission in the legislative branch to examine the causes of the current U.S financial and economic crisis, taking into account fraud and abuse in the financial sector and other specified factors It ... Report RS22976, The Global Financial Crisis: The Role of the International Monetary Fund (IMF), by Martin A Weiss Four Phases of the Global Financial Crisis The global financial crisis as it has...
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Department of Business, Economic Development and Tourism State of Hawaii NOTES TO THE BASIC FINANCIAL STATEMENTS June 30, 2009_part4 ppt

Department of Business, Economic Development and Tourism State of Hawaii NOTES TO THE BASIC FINANCIAL STATEMENTS June 30, 2009_part4 ppt

Kế toán - Kiểm toán

... participate in the contributory option Members are required by state statute to contribute 7.8% of their salary to the contributory option and the DBEDT is required to contribute to both options ... handled by the risk management office of the Department of Accounting and General Services All other claims are handled by the Department of the Attorney General The State has personal injury and property ... GOVERNMENT AUDITING STANDARDS To the Auditor Office of the Auditor State of Hawaii: We have audited the financial statements of the governmental activities and each major fund of the Department of Business,...
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Department of Business, Economic Development and Tourism State of Hawaii NOTES TO THE BASIC FINANCIAL STATEMENTS June 30, 2009_part5 ppt

Department of Business, Economic Development and Tourism State of Hawaii NOTES TO THE BASIC FINANCIAL STATEMENTS June 30, 2009_part5 ppt

Kế toán - Kiểm toán

... AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 To the Auditor Office of the Auditor ... United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, ... Governments, and NonProfit Organizations Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types...
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ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part1 docx

ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part1 docx

Kế toán - Kiểm toán

... attestation standards established by the American Institute of Certified Public Accountants; the Illinois State Auditing Act (Act); and the Audit Guide as adopted by the Auditor General pursuant to the ... ADMISSIONS TO THE BAR COMPLIANCE REPORT SUMMARY The compliance testing performed during the examination was conducted in accordance with the Illinois State Auditing Act AUDITOR’S REPORTS The Independent ... required to be reported in accordance with criteria established by the Audit Guide, issued by the Illinois Office of the Auditor General As required by the Audit Guide, immaterial findings relating to...
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ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part2 potx

ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part2 potx

Kế toán - Kiểm toán

... ADMISSIONS TO THE BAR FINDINGS AND RECOMMENDATIONS For the Two Years Ended September 30, 2005 Current Findings There were no current findings noted during our compliance testing for the two years ... ADMISSIONS TO THE BAR SCHEDULE OF FINDINGS For the Two Years Ended September 30, 2005 Prior Audit Findings Not Repeated There were no findings noted during the compliance testing for the two years ... 6,064,978 Total Liabilities and Net Assets $ This is trial version www.adultpdf.com The accompanying notes are an integral part of this financial statement 14 Illinois Board of Admissions to the Bar...
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ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part3 docx

ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part3 docx

Kế toán - Kiểm toán

... Admissions to the Bar Notes to Financial Statements Note A Summary of Significant Accounting Policies Nature of Activities The Illinois Board of Admissions to the Bar (the Board) was established by the ... counsel and legal service program, licenses, and the collection of related fees The Illinois Supreme Court also established the Committee on Character and Fitness (the Committee) The Committee has the ... determining whether applicants for admission to the bar are of good moral character and general fitness to practice law in the State of Illinois The operations and related expenses of the Committee...
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ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part4 pot

ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part4 pot

Kế toán - Kiểm toán

... fiscal year 2005 the Board hosted a two day seminar for all members of the Board and the five character and fitness committees to promote and insure uniformity in the character and fitness process ... PLANNING PROGRAM The Illinois Board of Admissions to the Bar (the Board) was established by the Illinois Supreme Court primarily to monitor the Illinois Bar Exam This includes the processing of ... 2005 and 2004 based on the Board’s familiarity with the operations of the Board of Admissions and the prior years’ audited financial statements AUDITOR’S ASSESSMENT OF BOARD’S PLANNING PROGRAM The...
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The Global Financial Crisis: Analysis and Policy Implications phần 1 pptx

The Global Financial Crisis: Analysis and Policy Implications phần 1 pptx

Quản trị kinh doanh

... Commission in the legislative branch to examine the causes of the current U.S financial and economic crisis, taking into account fraud and abuse in the financial sector and other specified factors It ... Report RS22976, The Global Financial Crisis: The Role of the International Monetary Fund (IMF), by Martin A Weiss Four Phases of the Global Financial Crisis The global financial crisis as it has ... conditions This global financial and economic crisis has brought to the public consciousness several arcane financial terms usually confined to the domain of regulators and Wall Street investors These...
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The Global Financial Crisis: Analysis and Policy Implications phần 2 pot

The Global Financial Crisis: Analysis and Policy Implications phần 2 pot

Quản trị kinh doanh

... billion), Poland ($20.5 billion), and Columbia ($10.5 billion).54 Regulatory and Financial Market Reform The third phase of the global financial crisis to decide what changes may be needed in the financial ... is to collaborate with the IMF to provide early warning of macroeconomic and financial risks and the actions needed to address them The Summit left it to individual countries to reshape regulatory ... Risk75 The Challenges The actions of the United States and other nations in coping with the global financial crisis first aimed to contain the contagion, minimize losses to society, restore confidence...
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The Global Financial Crisis: Analysis and Policy Implications phần 3 ppt

The Global Financial Crisis: Analysis and Policy Implications phần 3 ppt

Quản trị kinh doanh

... of the Financial Crisis :The Rise and Fall of Risky Mortgage and Other Debt CRS-32 The Global Financial Crisis: Analysis and Policy Implications Following the Asian financial crisis, much of the ... passed them on to the provider of funds or to a bundler who then securitized them and sold the collateralized debt obligation to investors This recycled funds back to the mortgage market and made ... insurance, and futures There was no suprafinancial authority The Downward Slide The plunge downward into the global financial crisis did not take long It was triggered by the bursting of the housing bubble...
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The Global Financial Crisis: Analysis and Policy Implications phần 4 pot

The Global Financial Crisis: Analysis and Policy Implications phần 4 pot

Quản trị kinh doanh

... accumulation and evidence of economic decoupling, the U.S financial crisis, and the sharp contraction of credit and global capital flows in October 2008 affected all emerging markets to a degree due to their ... closer to 4% and 5%.114 The heavy debt to Western financial institutions greatly increased central and Eastern Europe’s vulnerability to contagion from the financial crisis In addition to the immediate ... Grappling with the Global Financial Crisis Washington, D.C October 2008 pp 7-10 and IMF Global Markets Monitor, October 1, 2009 124 United Nations Economic Commission on Latin American and the Caribbean...
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The Global Financial Crisis: Analysis and Policy Implications phần 5 ppt

The Global Financial Crisis: Analysis and Policy Implications phần 5 ppt

Quản trị kinh doanh

... increase their rate of economic growth A global response to the financial crisis The financial crisis has demonstrated the growing interaction between the financial sector and the goods -and services-producing ... Japan, the United Kingdom, and the United States Congressional Research Service 59 The Global Financial Crisis: Analysis and Policy Implications common set of principles to address the financial crisis. 169 ... risks to the financial sector as a whole, and it supported the concept of reforming the current system of EU Committees that oversee the financial sector The EU plan, however, would accelerate the...
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The Global Financial Crisis: Analysis and Policy Implications phần 7 pps

The Global Financial Crisis: Analysis and Policy Implications phần 7 pps

Quản trị kinh doanh

... Financial Crisis: Analysis and Policy Implications was a renewed determination to act to stem the global imbalances because the crisis had underlined the interconnectedness of the financial system and ... he considered the FSB to be the “fourth pillar” of the modern global economy, along with the IMF, the World Bank and the World Trade Organization The FSB will help to ensure that the rules governing ... condos and single-family homes pulled back in the Northeast, the South, and the Midwest, showing that a budding recovery in the housing market remained weak Economists said it was too soon to say...
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The Global Financial Crisis: Analysis and Policy Implications phần 8 potx

The Global Financial Crisis: Analysis and Policy Implications phần 8 potx

Quản trị kinh doanh

... rules on the rating agencies, and sometimes failed to follow the rules that existed August 28 Iceland decided Friday to repay Britain and the Netherlands the $5.7 billion it borrowed to compensate ... 108 The Global Financial Crisis: Analysis and Policy Implications such as the ability of debt issuers to shop among different rating agencies for the highest possible rating The financial crisis ... addition to wiping out the jobs directly tied to the plant, closing the facility will send ripples through suppliers that make components for the factory and nearby stores, restaurants, and bars and...
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