CASE APPLICATION : en en eee res eset ater mac ae eee eer SS ee turmod Soaps ee tet ete ee eee oe Dee ree) eee ee | Sa ee Dee at et nee ‘ey exceed its own Internal risk imits and controls, and a wide ee ee Faller cishche abertie / a Phaeariene eel pean Ee ee eer Rien o kee Oe eee ee ono ee ee) rewarded handsomely. Individuals making questionable deals were hailed {questioned decisions was often ignored or overuled. For instance, Olver Do ee nee ie en eon ont ean en nen Ce Car TL ee ee Se ae Re es ec ne accounting frm had proposed to lower medical insurance costs saying, “My gut feeling was that this See rere ei ee et erred Lee ee eee Se ee problems worse by ther conduct, which ranged from “serious but nonculpable erors of business judgment to balance sheet manipulation.” Valukas went on to say that form een ee eet aed ae eerie en See ee ee ere ee ery eae ee En enue ee eet ae EY De he ee ty substance tothe transactions.” Letman’s auditor wae aware ofthe use of Repo 105 but did ne {question it. Sufficient evidence indicate that Fuld knew about the use oft Ce ee en eee ere arent entsPee oe Dee en See Ec) ary Tee eee Tee sible and ethical? Di feeeteteet eee ers re ety ee ee ene ere