Finding Auditors Liable for Fraud: What the Jury Heard in the Phar Mor Case

The Phar Mor case involved a massive collusive fraud by management. Although there were no claims the auditors participated in the fraud, plaintiffs' attorneys were able to convince the jury that the firm was liable for fraud on the grounds it made representations recklessly with regard to GAAS and GAAP.

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Year of publication:	1997
Authors:	Cottrell, David M. ; Glover, Steven M.
Publisher:	New York State Society of Certified Public Accountants
Subject:	fraud \| auditors \| phar mor

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Type of publication:	Article
Notes:	SchoolofAccountancy; MarriottSchool; D. Cottrell, S. Glover. "Finding auditors liable for fraud: What the jury heard in the Phar Mor Case", The CPA Journal Pages 14-21, 7, 1997.; Brigham Young University Marriott School of Management; School of Accountancy;
Source:	BASE

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