Description
This program is designed to help lawyers gain a working knowledge of important issues involving accounting as they relate to the practice of law. Most lawyers will need to understand financial reporting regardless of their practice specialty. Accounting issues arise not only in corporate and tax practices, but litigators also rely on financial accounting to calculate damages and drafting legal documents often requires inclusion of accounting terms. Transactional lawyers require an understanding of accounting to properly conduct their due diligence and provide advice to clients concerning disclosure requirements. Lawyers representing businesses are often requested to provide a representation about litigation contingencies for possible disclosure in a company's financial statements. Numerous cases of financial fraud have made an understanding of how enterprises and their executives manipulate financial reporting important to criminal lawyers.