The Continental Vending case represented the first criminal action against auditors who were found guilty of a conspiracy,even though they did not personally gain from it.

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This statement is true. The Continental Vending case in the 1970s led to criminal charges and convictions against auditors who were found guilty of conspiring to falsify financial statements, even though they did not personally benefit from the fraud. This case was significant in establishing legal precedent for holding auditors accountable for their actions or inaction, even in cases where they may not have directly profited from their wrongdoing.

The Continental Vending Case Represented the First Criminal Action Against