An accounting teams worst nightmare might be to wake up one morning and discover that a company
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An accounting team’s worst nightmare might be to wake up one morning and discover that a company for which it had repeatedly issued clean opinions did not really exist. In fact, the company had been stolen a few years earlier—its operations and related revenues all transferred away. Shareholders sued the auditors under §10(b) but the court granted the accountants’ request for summary judgment. Why?
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Related Book For
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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