Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

Look at the attached paper and make correction.

ACC Auditing
Bloomberg online- Business Section: Deutsche Bank mismarked 37 deals said the auditors. Articles dated October 6, 2016.

The 37 deals mismarked by Deutsche Bank were involved in several complex transactions, one of the accounting deals involved the oldest bank in the world.

Deutsche Bank was indicted for colluding with another bank name Banca Monte Dei Paschi Di Siena SpA to conceal lenders' losses by mismarked dozens of transactions of their own books. These transactions were discovered during an audit by the regulators.

Questions:
•How long have they been doing these complex transactions?

•How many unknown have they done? What hidden in the balance sheet?

•How many complex deals they did that the shareholders don't know about?

•If I were the auditors, these would be my questions how many of these loans have you closed? Who authorized them?

•What would be the effect on the balance sheet and the financial statement?

•How effective is the bank's control activities?

•How big will be the risks with these complex transactions?

•What could be done to improve the Design & Implementation of the bank?

The control environment tone of the top was ineffective in Deutsche Bank's case.

Attachment:- Auditing- Bloomberg online- Business Section.rar

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M92006472
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Homework Help/Study Tips

Question george clinton and parliament utilized business

Question: George Clinton and Parliament utilized business and artistic concepts from both James Brown and glam rock acts. How did this provide a unique approach to funk music? Are they influential to later acts? Are they ...

Question review the following scenariosscenario 1 medical

Question: Review the following scenarios. Scenario 1: Medical coding in a physician's practice Imagine you work in a high-pressure cardiology physician's office and you are one of two medical coders. Your supervisor is v ...

Question what efficacy issues should counselors analyze

Question: What efficacy issues should counselors analyze when identifying possible community resources for the prevention of interpersonal violence? The response must be typed, single spaced, must be in times new roman f ...

Assignment meritocracyexplain how the united states

Assignment : Meritocracy Explain how the United States compares to other countries with regards to social mobility rates. Are there differences between the United  States and other countries? Why? Which group in the soci ...

Political economy of media assignmentnbsp - industry

Political Economy of Media Assignment  - Industry analysis Formatting: • Assignment length is 750 words (excluding references). You will get a 2% penalty if you go over the word limit, assignments that are more than a 10 ...

Question a third price auction is similar to a vickrey

Question: A third price auction is similar to a Vickrey auction except that the winner (the bidder with the highest bid) pays the third higest bid. Is it a dominant strategy in this auction to bid one's valuation? If yes ...

Do you agree that the hippocratic oath that physicians must

Do you agree that the Hippocratic Oath that physicians must take upon their entry into the profession provides a strong foundation for medical ethics? Why, or why not? Please include the name of the person or question to ...

This module you learned about stalking as a form of

This module, you learned about stalking as a form of violence. In the context of understanding domestic violence, stalking by a partner or former partner can be especially serious. Digital technology (e.g., internet, soc ...

Assignment - healthcare decisionfrank is retiring after 38

Assignment - Healthcare Decision Frank is retiring after 38 years working for a large company. He is 60 years old, too young to get Medicare and will need health insurance until he can (at age 65). Fortunately, he has a ...

Assignment 1 discussion-the advantages and disadvantages of

Assignment 1: Discussion-The Advantages and Disadvantages of Free Trade Many Americans feel that their jobs at home should be protected and that free trade should be limited. However, global competition and less expensiv ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As