Assume that you are Ms. Cruz, an associate in the Loan Delinquency Department at the Bank of Green
Valley. Your supervisor would like to find out from you whether the Bank of Green Valley has a claim of
negligence against the accounting firm of Victor Hines, LLP.
You have gathered additional information from the bankruptcy courts and know about the 2004 sale of
stock to GreenSel and its accounting treatment in the income statement. Read the legal cases collected
by the legal assistant and attached in the Library. Assume that the applicable precedent is from the
fictional jurisdiction of the state of Green provided to you in the attached library. Assume that the financial
statements audited by Victor Hines for the calendar years of 2003, 2002 and 2001 were accurate.
Prepare a report (see guidelines on the class website) for your supervisor.
We need:
- Executive summary
-Introduction - Legal Analysis
- Conclusion
Sample Solution