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Full-Text Articles in Business
Conflicts Of Interest, David J. Cherrington
Conflicts Of Interest, David J. Cherrington
Faculty Publications
Our research on theft and fraud has taught us three important lessons about conflicts of interest: first, they are much more prevalent than one would expect, second, they are much more serious than one might think, and third, some of them can’t be eliminated.
Finding Auditors Liable For Fraud: What The Jury Heard In The Phar Mor Case, David M. Cottrell, Steven M. Glover
Finding Auditors Liable For Fraud: What The Jury Heard In The Phar Mor Case, David M. Cottrell, Steven M. Glover
Faculty Publications
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.