Lehman Brothers

 Lehman Brother Background and Accounting Misconducts 1. What does the company do? 2. What markets does it serve (domestic, international)? What is the business environment in which the company operates? 3. Use a graph to show the net income and total assets of the company for at least three years before the accounting misconducts. 4. Find the auditor’s report in the 10-K for the year that the accounting misconducts were revealed. Record the name of the auditing firm. What was the auditor’s opinion? Did the auditor discover any accounting misconducts? 5. What accounting misconducts did the company have? Do not forget to put on a graph and report for question number 3 and 4.

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