(Download) "Idaho Bank & Trust Co. v. First Bancorp" by Supreme Court Of Idaho # Book PDF Kindle ePub Free

eBook details

Title: Idaho Bank & Trust Co. v. First Bancorp
Author : Supreme Court Of Idaho
Release Date : January 26, 1989
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 60 KB

Description

This case presents the question of the liability of a certified public accounting firm to a person not a party to the auditing contract. Main Hurdman contracted with First Bank & Trust to examine and give an opinion on the financial statements of First Bank & Trust. That audit was completed and an opinion provided to First Bank & Trust. At a later time, as a result of a buy out, Bancorp gained control over First Bank & Trust. In connection with that transaction, Bancorp obtained a loan from Idaho Bank & Trust. In connection with that loan, Bancorp provided Idaho Bank & Trust with the aforesaid audit report prepared by Main Hurdman.