Describe the accounting rules and regulations

Reference no: EM13123234

evaluate the "Off the Balance Sheet Arrangements" reflected in the 10-Qs of Freddie Mae and Freddie Mac. Explain how these red flags were ignored by the SEC and its public accounting firm.

Describe the accounting rules and regulations you would introduce to ensure that these types of accounting irregularities do not occur in the future.

Analyze how Variable Interest Entities (VIEs) can result in understatement of liabilities.

Reference no: EM13123234

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Describe the accounting rules and regulations : evaluate the "Off the Balance Sheet Arrangements" reflected in the 10-Qs of Freddie Mae and Freddie Mac. Explain how these red flags were ignored by the SEC and its public accounting firm.

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