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Lehman Brothers, a wakeup call for the profession
September 16, 2013
The collapse of the American investment bank Lehman Brothers five years ago unravelled the worst financial crisis since the Great Depression. Although green shoots of recovery are emerging in some western economies, the profound mistrust in financial institutions might have yet a long-lasting effect.
Influential figures of the accounting industry have shared with The International Accounting Bulletin and The Accountant their views on how Lehman Brothers' bankruptcy has changed the rules of the game for the profession.
This is the first in a series of articles aimed at identifying not only what lessons can be drawn from the credit crunch but also what the profession can do to prevent another financial debacle...Read More
Source: The Accountant