The Jacobs v Coopers & Lybrand case deals with the issue of just how egregious an accounting firm's failure to comply with GAAS and GAAP have to be to subject that firm to a fraud claim arising out of its audit of financial statements.Describe the facts of the case and evaluate the plaintiffs' alleged violations by Coopers with respect to GAAS and GAAP.

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The Answer of The Jacobs v Coopers & Lybrand case deals with the issue of just how egregious an accounting firm's failure to comply with GAAS and GAAP have to be to subject that firm to a fraud claim arising out of its audit of financial statements.Describe the facts of the case and evaluate the plaintiffs' alleged violations by Coopers with respect to GAAS and GAAP.

The Jacobs V Coopers & Lybrand Case Deals with the Issue