Do the Repo 105 arrangements constitute fraud? Why and why not?

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Business and Professional Ethics

ISBN: 978-1285182223

7th edition

Authors: Leonard J. Brooks, Paul Dunn

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Question Posted: May 03, 2017 08:23 AM

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Do the Repo 105 arrangements constitute fraud? Why and why not?

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It is difficult to determine whether the Repo 105 transactions constituted fraud in and of themselves However it is clear that the firm took advantages of weaknesses in the accounting standards and law to justify its use of the standards So the action may not constitute ...View the full answer

Business and Professional Ethics

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