Accounting Firm Not Liable to Bank for Errors in Audit
A recent Illinois Federal District Court case considered whether an accounting firm was liable to a bank for errors in its audit of the borrower. The court’s holding – that the lender was required to consider the audit report as a whole, including the footnotes – is important to both auditors and lenders. Read Douglas Conover's article about this case.
Contributor
About
Doug has a broad-based business practice, incorporating 28+ years of experience in the areas of real estate, commercial and corporate law, banking, and estate planning and probate law.
Doug has a broad-based business practice, incorporating 28+ years of experience in the areas of real estate, commercial and corporate law, banking, and estate planning and probate law.
Categories
- Articles 309
- Bankruptcy 44
- Business 133
- Cases & Codes 68
- Contracts 27
- Criminal Law 122
- Employment 24
- Expert Reports 3
- Expert Witness 34
- Family Law 57
- Form Letters 15
- Immigration 3
- Intellectual Prop 32
- Internet Law 10
- Law Practice 99
- Law School 2
- Legal Research 19
- Litigation 186
- Miscellaneous 64
- PR Web 41689
- Personal Injury 608
- Press Release 43
- Probate 54
- Real Estate 68
- Tax Law 23
- Workers Comp 4