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In The Matter Of Touche, Niven, Bailey & Smart, Et Al. (File No. 4-77) (Rule Ii(E) - Rules Of Practice), United States. Securities And Exchange Commission
In The Matter Of Touche, Niven, Bailey & Smart, Et Al. (File No. 4-77) (Rule Ii(E) - Rules Of Practice), United States. Securities And Exchange Commission
Federal Publications
In a proceeding under Rule II(e) of the Commission's Rules of Practice, where a firm of certified public accountants certified financial statements filed with the Commission which were materially misleading in that, among other things, the balance sheet understated reserves for uncollectible accounts, overstated current assets, and listed as due from customers material amounts which represented advances to subsidiaries, and the income statement made insufficient provision for losses on uncollectible accounts, and the firm and two partners who participated in the preparation and filing of the statements improperly relied upon unsupported representations of management with respect to these matters, held, …