Publication Date

1-1-1995

Document Type

Dissertation/Thesis

First Advisor

Norton, Curt

Degree Name

B.S. (Bachelor of Science)

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.

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

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