International Accounting

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Added on  2022/12/30

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AI Summary
This document discusses the accounting defect used by Lehman Brothers, known as Repo 105, and the factors that led to their downfall. It explores the irresponsible lending and borrowing techniques, dependency on investors, weak principles, risk-taking, lack of monitoring, and improper business practices. The document also highlights the relationship between regulations and action management arrangements.

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