The 1986 prospectus for ZZZZ Best included the following: April 30, 1984 and 1985, financial statements

Question:

The 1986 prospectus for ZZZZ Best included the following: • April 30, 1984 and 1985, financial statements audited by Larry G. Baker, CPA of Bakersfield, California • April 30, 1986, financial statements audited by Greenspan & Company of Englewood Cliffs, NJ • July 31, 1986, three- month interim financial statements reviewed by Ernst & Whinney of Los Angeles Consider how the ZZZZ Best fraud might have impacted each of these CPA firms, then conduct an Internet search to determine their actual experiences. Are the facts consistent with your initial expectations? Prepare a memo to your professor discussing your findings and conclusions.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Forensic Accounting

ISBN: 978-0133050479

1st Edition

Authors: Robert Rufus, Laura Miller, William Hahn

Question Posted: