Federal securities regulators charged two former outside auditors of the ill-fated California Micro Designs Corp. on Tuesday with failing to comply with professional accounting standards. In the final federal action in Silicon Valley's most famous financial fraud case, the Securities and Exchange Commission alleged former Coopers & Lybrand accountants Michael Marrie and Brian Berry were "reckless" in their auditing of Cal Micro's financials for fiscal year 1994.
August 11, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal securities regulators charged two former outside auditors of the ill-fated California Micro Designs Corp. on Tuesday with failing to comply with professional accounting standards.
In the final federal action in Silicon Valley’s most famous financial fraud case, the Securities and Exchange Commission alleged former Coopers & Lybrand accountants Michael Marrie and Brian Berry were “reckless” in their auditing of Cal Micro’s financials for fiscal year 1994.
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