Question: The 1986 prospectus for ZZZZ Best included the following
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.
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