The identified company is Lehman Brothers, a prominent United States global investment bank that was the fourth-largest in the country. The bank collapsed in September 2008, compounding the 2007-2008 financial crisis. The institution filed for bankruptcy after it lost a substantial portion of its clientele, its assets were devalued, and its stock price dramatically plummeted. After the bank's collapse, investigations revealed that it had engaged in unethical financial reporting practices to mask its financial difficulties (Bushe et al., 2010). In particular, investigations showed that the company intentionally employed complex accounting methods, including Repo 105 transactions, to conceal the extent of its risky mortgage assets, such as by covering liabilities in balance sheets. In addition, the company engaged in "window dressing", which is the temporary manipulation of financial statements to make the company's performance appear better than it is. This made it difficult for investors and regulators to assess the firm's true financial health. These unethical financial reporting practices misled investors and regulators about the bank's true financial state. Suggest additional contributing factors to the ethics violation

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Additional Contributing Factors to the Ethics Violations at Lehman Brothers While unethical financial reporting practices played a significant role in ... View the full answer