Lincoln Savings and Loan

Abstract: A 10 page paper discussing what went wrong in the auditing system at the height of the savings and loan scandal, specifically at Lincoln Savings and Loan Association. Better communication and greater accountability possibly could have prevented the Lincoln scandal; at least they could have prevented it from growing to the level it did. Auditors' independence proved to be independence from accountability. Any doubts would necessarily originate in the subjective realm, for the figures themselves would appear to be impeccable. The Lincoln scandal highlights the need for auditors to look beyond the obvious and perhaps to be less objective rather than more. Bibliography lists 9 sources.

Filename: KSaudLincoln.rtf

Pages: 10

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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