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Peat Marwick Audit Report

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Next, we interviewed a member of the Peat Marwick audit team who conducted the Crazy Eddie audits. He disclosed that Eddie Antar was a very charming man and went above and beyond to make their visits fun and accommodating. He stated that Eddie took them out to lunch and after work drinks. Even though, they knew it was wrong, Eddie was a hard man to refuse.

A second member of the audit team in charge of inventory was interviewed and he verified that they could not complete thorough stock take and other processes because they simply ran out of time.

Next, the team interviewed David Pardo who was the Head of Purchasing for all 39 Crazy Eddie stores. He stated that he no knowledge of any fraud committed by Eddie Antar in Crazy Eddie.

Kathleen

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