Monthly Archives: March 2017

Accountants Responsible to Non-Clients for Material Misrepresentations in Audit

In a very important case, the Business Litigation Session of the Massachusetts Superior Court has ruled that an accounting firm and one of its partner accountants were responsible for misrepresentations contained in an audit report of its client’s financial statements. Plaintiffs were investors who lost millions of dollars in investments in a car loan company. […]

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