Plain Paper Financial Statements

By Vincent J. Love and Thomas R. Manisero

This article explores the history and current risks for CPAs who offer services relating to “plain paper” financials. The profession was “burnt” once in 1136 Tenants’ Corp. v. Max Rothenberg & Co.; will commercial interests lead to cases being brought against CPAs if they perform “preparation services only” on financial data that later is proven to be materially misstated?

Plain Paper Financial Statements