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Legal Commentary

: JURIST - Hotline

Indictment of Bernard Madoff's accountant could signal further liability for auditors

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John H. Eickemeyer [Shareholder, Vedder Price P.C.]: "The indictment if Mr. Friehling is hardly unexpected, as is the accompanying civil action by the SEC. The conduct alleged in the complaint certainly goes beyond poor auditing - in essence, Mr. Friehling is alleged to have done virtually no auditing at all. Mr. Friehling also allegedly issued independent auditor's reports on Madoff's investment

Full post as published by JURIST - Hotline on March 23, 2009 (boomark / email).

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