Document Type
Article
Publication Date
1962
Abstract
Where certified public accountant, on basis solely of information supplied on telephone which was materially false and misleading, prepared balance sheet for proposed corporation and sent it to client with covering letter addressed to corporation's "Board of Directors" stating that balance sheet had been prepared from corporation's books and records, held, accountant engaged in unethical and improper professional conduct warranting suspension of his privilege to practice before the Commission. Where junior partner of accounting firm improperly prepared and transmitted balance sheet wholly without authority or approval of senior partner contrary to firm's rules, but junior partner was demoted to employee status when occurrence was learned by firm's controlling partner, and there is no evidence of any other instance of improper practice by members or employees of firm, held, under the circumstances disciplinary action against the firm not warranted.
Relational Format
article
Series Title
Accounting Series Release No. 092
Recommended Citation
United States. Securities and Exchange Commission, "In the matter of Morton I. Myers: File no. 4-100: Rules of practice - Rule 2(e): Findings and opinion of the Commission" (1962). Federal Publications. 172.
https://egrove.olemiss.edu/acct_fed/172