3 ms·
The person bearing overall responsibility to appoint the right people to build a system of internal controls that can audit whatever volume of trade they are do
by jimnotgym 10y ago
The person bearing overall responsibility to appoint the right people to build a system of internal controls that can audit whatever volume of trade they are doing. In this case it seems that the top people knew all about this trade and it is clear that the accounting treatment of a trade that spreads a loss into the future would be 'fair value'. IE 0. So if the courts find that this actually happened then of course the execs are culpable.