The litigation release does not discuss the role of the auditor. Given the nature of the fraud, do you believe the auditor will be found liable if sued under the 1934 Securities Act?
TASK 5-25 (OBJECTIVES 5-1, 5-2, 5-6) Taylor Bean & Whitaker Mortgage Corp. (Taylor Bean) was aFlorida mortgage lender. Once one of the nation’s largest privately held mortgage compa-nies, the company collapsed in 2009 after a multibillion dollar mortgage fraud unraveled.RequiredRequiredIn-classDiscussion LEGAL LIABILITY The downfall of Taylor Bean also triggered the collapse of Colonial Bank in […]