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ACCOUNTANT—ATTORNEY COOPERATION.

Sam D. Thurman

The Accounting Review 1944

Abstract The article presents information on accountant-attorney cooperation. In order to recognize an accounting problem and the consequent need to call in an accountant on a case, the author is of the view that every attorney and especially a tax attorney-should have some understanding of accounting principles. It is equally true that an attorney can best serve the interests of his client by having a sufficient understanding of the accounting problems involved in a case and being able to recognize the advantages to be gained from a proper audit or accounting. The converse of this situation is equally true. An accountant studies commercial law, not to enable him to practice law, but to give a knowledge of legal principles sufficient to prepare reports in such a way as to satisfy the legal duty of one's client to render an accounting and to enable the accountant to recognize the type of problem for which his client needs a lawyer. And the practice of law from the very first demonstrated the importance in modern life of cooperation between both professions. Every tax case involves both legal and accounting problems.

DOI
10.2308/tar-7036927
Volume
19 (3)
Pages
283-289
Language
en
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