Accountancy, asked by nivasreddy1396, 1 year ago

What important internal controls were ignored when ljm1 was created?

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Answered by harryrajput3
0
What important internal controls were ignored when LJM1 was created? The internal controls that were ignored when LJM1 was created were first, any SPE that was created must have a certain percentage of equity owned by outside investors. The LJM1 failed to do that. Second, LJM's books were kept separate from Enron's.
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