As an internal bank auditor, I learned the importance of determining which internal controls should be in place to safeguard assets, and how to monitor those controls and make recommendations. During this time, I also passed the CPA and Certified Bank Auditor (CBA) exams.
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AT&T Buys Cricket & Saved Leap From Disaster! On July 12, 2013, Cricket announced that AT&T agreed to buy Cricket Communications (the sole division of Leap Wireless) for $1.19 billion in cash, which translates to $15 per share. This was an 88% premium over its stock at the time, and includes taking over ownership of every aspect of the business, including its $2.8 billion in debt.