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12 Mar 2010
Lehman's US chief financial officers were warned that the use of transactions to remove tens of billions of dollars off its balance sheet would lead to " reputational risk" for the business if the deals came to light, a report alleges.
In the report of examiner Anton R Valukas, for the US Bankruptcy Court, it is claimed that Lehman's global financial controller Martin Kelly was concerned that transactions used to remove assets off its balance sheet had no substance.
Kelly expressed these concerns to Lehman's chief financial officers Erin Callan and Ian Lowitt, alleged the report.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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