 Our holding does not emancipate accountants from the consequences of fraud. It does not relieve them if their audit has been so negligent as to justify a finding that they had no genuine belief in its adequacy, for this again is fraud. It does no more...  Accounting and Auditing Practices and Procedures: Hearings Before the ... - 605. lappuseautors: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management - 1977 - 2176 lapasPilnskats - Par šo grāmatu
 | G. Edward White - 2003 - 424 lapas
...fictitious item amounted to gross negligence.57 It was possible, therefore, that the accountants' audit had been "so negligent as to justify a finding that they had no genuine belief in its accuracy." Gross negligence, "even when not equivalent to fraud," was "nonetheless evidence to sustain... | |
 | Friedrich V. Kratochwil - 1991 - 332 lapas
...Benjamin Cordozo, speaking for the Court, held that this decision does not relieve them (defendants] if their audit has been so negligent as to justify a finding that had no genuine belief in its adequacy, for this again is fraud. It does no more than to say that if... | |
 | George J. Bachrach - 1998 - 370 lapas
...have by applying tort principles. Our holding does not emancipate accountants from the consequences of fraud. It does not relieve them if their audit...they had no genuine belief in its adequacy, for this again is fraud.22 Thus, an extreme level of negligence (ie, gross negligence) on the part of accountants... | |
 | Benjamin Nathan Cardozo - 1999 - 462 lapas
...relation will mean the involuntary assumption of a series of new relations, inescapably hooked together."1 Our holding does not emancipate accountants from the...they had no genuine belief in its adequacy, for this again is fraud. It does no more than say that, if less than this is proved, if there has been neither... | |
 | Philip L. Bruner - 2007 - 860 lapas
...Ultramares Corp., 174 NE at 448 ("Our holding does not emancipate accountants from the consequences of fraud. It does not relieve them if their audit has been so negligent so as to justify a finding that they had no genuine belief in its adequacy, for this again is fraud.").... | |
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