MF Global - Research Paper Example

Only on StudentShare

Extract of sample
MF Global

The executives by the end of that month made it official that over 700 million USD had been transferred. They, however, could not pay back this capital with their revenue making it plummet into more debt. At the end of the liquidation period, customers of MF Global made losses that totalled over 1.6 billion dollars, and a majority have not received their funds till today. Difference between conducting fraud and financial audit Audits are done to ensure the smooth running of operations. They may be done after some time as per the organization’s request, as in the case of financial auditing. Furthermore, they may be arbitrary and without warning, as in the case of fraud auditing. There are different types of audits, carried out for different purposes. There are reasons that surround each of these audits. One main reason is the accuracy of financial information in the organization. This is one reason why financial audits are carried out, and they can be done by a qualified, independent party or government unit. Fraud auditing is often done to discover some of the hidden figures in the financial data of an organization (Hagan, 2012). This means that, outside parties may be brought in to conduct a fraud audit, but internal auditors of an organization may be responsible for financial auditing. ...Show more


MF Global Name: Institution: MF Global Abstract As a commodities brokerage firm, MF Global provided exchange-traded derivatives such as futures and options. It was a well-established firm that was on top of its game before its shocking collapse through issues relating to liquidity problem and large fines…
Author : glenniepouros
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"MF Global"
with a personal 20% discount.
Grab the best paper

Related Essays

Goldman Sachs
Table of Contents 1. Introduction to Goldman Sachs 3 1.A. Goldman Sachs History 3 1.B. Goldman Sachs Background 3 1.C. Role in the World of Investments 4 2. How Goldman Sachs Has Performed in the World of Investments 7 2.A. Products and Services Provided by Goldman Sachs to the Market 7
9 pages (2250 words) Term Paper
Auditor scepticism is an increasing concern for the profession and stakeholders of UK Companies
In this essay I will discuss about how auditor scepticism is an increasing concern for the profession and stakeholders of UK Companies. As the society is becoming more complex, decision makers are increasingly provided with unreliable information (Edmund, 2005).
10 pages (2500 words) Essay
Global warming
However, recently these arguments put forward in favor of global warming, have been challenged by skeptics, who dismiss the whole phenomenon as a “myth” or a man-made controversy. Thus, while on one hand, there are groups of scientists who claim that global warming is indeed real, and support it with facts and empirical evidences; on the other hand, there are other skeptical groups who dismiss it as a mere 'theory' or a 'myth'.
7 pages (1750 words) Thesis
Accounting / internal controls
The research includes a list of internal control weaknesses such as the department,not the purchasing department,should make the purchase requisition,the receiving department should not give the original receiving report to the warehouse,the receiving repot,checks,disbursement vouchers,purchase orders
4 pages (1000 words) Essay
The European sovereign debt crisis during 2010-2011
t bonds loses value. Banks typically seek to earn income on funds that they are required to keep as capital reserves on loans through low risk investments such as U.S. Treasury Bonds and other sovereign debt instruments. In Europe, it is expected that the major banks may have excessive exposure to Greek, Spanish, Italian, Portuguese, and other bonds from countries who face an increasing risk of defaulting on their debt.
8 pages (2000 words) Essay
Financial Accounting Theory
One of the most overarching perspectives is that financial accounting theory allows for deliberations and insights to be developed regarding more effective and efficient accounting practices. Within this context of understanding there are a number of theoretical elements, oftentimes competing, as to the proper nature of accounting progress.
12 pages (3000 words) Essay
Corporation Fraud
Auditors revealed that MF Global suffered a “very severe loss of liquidity” (Bunge 2) as its second quarter earnings revealed a “net loss and a highly leveraged proprietary position in European sovereign debt” (Weidner 4). Specifically, MF Global “had leveraged a $6.3 billion exposure to debt of peripheral European sovereign bonds in the form of maturity transactions” (Weidner 4).
3 pages (750 words) Essay
Hedge accounting under IAS 39 and IFRS 9 - A critical comparison
The first section of the study is aimed to recognize the differences between IAS 39 and IFRS 9, implications of changes, current issues and regulation and future development for IFRS 9. This section demonstrates the relevance of the study identifies specific research questions and describes aims and objectives for this investigation.
16 pages (4000 words) Research Proposal
Global investment house ksc.
In other words, financial statements need to inform the reader about how things were done in the past and its impact on the present period as presented in the statement of financial position. This shows the asset and liability used in the trading period and provide information about the assets and liabilities brought forward.
22 pages (5500 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email