Publication Date
1-1-1995
Document Type
Dissertation/Thesis
First Advisor
Norton, Curt
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Accountancy
Abstract
Recent events within the financial services industry have raised concerns regarding the use and control of derivative financial instruments. Limited only by their own imaginations, financial engineers have restructured traditional financial instruments such as stocks, bonds, and loans, into new, complex instruments whose value is derived from their underlying components. It has become apparent that the development and application of derivative financial instruments has outpaced parallel changes in internal control procedures and financial reporting standards. By conducting a detailed case study and analysis of one recent disaster involving derivatives, an assessment will be made as to whether the present controls are adequate to fairly control and report the activities of an entity using these instruments.
Recommended Citation
Nowak Jr., Robert J., "The Baring's Bank Derivative Disaster: An Analysis and Recommendations" (1995). Honors Capstones. 1115.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/1115
Extent
39 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
