Fannie Mae Fraud

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Title: Fannie Mae Fraud
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Subject: Business
Date: April 16, 1998
Length: 6 / 1502
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The government agency that regulates Fannie Maeís operation and accounting is the Office of Federal Housing Enterprise Oversight (OFHEO). One of the issues is derivative losses, which both OFHEO and Deloitte believed should have been recorded on the income statement instead of the balance sheet...
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The OFHEO also stated that Fannie Mae recognized $200 million in expenses when they should have recognized $400 million. Overall Fannie Mae misstated the financials by $10.6 billion from 1998 through 2004. There were four main accounting manipulations used in the Fannie Mae fraud...
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Common topics in this essay:
Activist Federal Government   Accounting Fraud   Accounting Fraud   Accounting,Fraud   Fannie Mae Fraud   Fannie Mae ? Stock Performance Analysis   Fannie Mae case   Fannie Mae   Fannie Mae   Fannie Mae   Fannie Mae   Public Company Accounting Oversight Board; Will it Protect Investors?   The Collapse Of Fannie Mae And Freddie Mac   The Fannie Scandal   Accounting And Reporting Standards For The Federal Government  
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