Public audit oversight and the originate-to-distribute model
The originate-to-distribute (OTD) model, in which the originators of mortgages sell or securitize the mortgages to third parties, likely contributed to the 2008 financial crisis. Auditors were blamed for permitting clients to understate the risks of the model in their financial reports, fostering un...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1916 https://ink.library.smu.edu.sg/context/soa_research/article/2943/viewcontent/ADK__2021___1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |