Keywords
fraud, auditors, phar mor
Abstract
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.
Original Publication Citation
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.
BYU ScholarsArchive Citation
Cottrell, David M. and Glover, Steven M., "Finding Auditors Liable for Fraud: What the Jury Heard in the Phar Mor Case" (1997). Faculty Publications. 1141.
https://scholarsarchive.byu.edu/facpub/1141
Document Type
Peer-Reviewed Article
Publication Date
1997-07-01
Permanent URL
http://hdl.lib.byu.edu/1877/2719
Publisher
New York State Society of Certified Public Accountants
Language
English
College
Marriott School of Management
Department
Accountancy
Copyright Status
© 1997 NYSSCPA. Reprinted from The CPA Journal, July 1997, copyright 1997, with permission from the New York State Society of Certified Public Accountants.
Copyright Use Information
http://lib.byu.edu/about/copyright/