Causes Of Lehman Brother’s Bankruptcy And Auditors’ Responsibilities

Housing Market and InvestmentLehman Brothers once stood as one of the international financial service firms. Until September 2008, this firm stood up as the fourth largest firm of United States in the field of investment banking. Chapter 11 Bankruptcy was filed by the firm due to Lehman Brothers turning bankrupt in September 2008. Non-assessment was the main cause of the condition of the firm; also the negligence on the part of the auditors …