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Shielding the Auditor from Corporate Fraud Liability: Recent Decisions and Rationale for the in Pari Delicto Defense
One of the strongest legal weapons available to audit firms sued by shareholders or creditors following revelations of corporate fraud is the defense of in pari delicto. This legal doctrine, over two centuries old, is grounded in the policy that a court should not intercede between two wrongdoers. Full
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A New Business Plan for CPE
In the 40 years since its creation in 1972, the NYSSCPA’s Foundation for Accounting Education has established itself as one of the Northeast’s premier continuing professional education resources for high-quality, cost-effective seminars, conferences, and technical sessions for CPAs and other financial professionals.
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Reflecting a Company’s Safety Culture in “Fairly Presented” Financial Statements: The Case of BP
In June 2010, a class action lawsuit citing the oil and gas company BP’s “history of safety lapses, cost cutting and workplace disasters” was lodged in the U.S. District Court for the Eastern District of Louisiana on behalf of BP shareholders.
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