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alohachris
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What difficulties is the application of GAAP as currently practised likely to pose for the legal profession?
any idea?
538 day(s) ago
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MDcpa05
GAAP should pose no difficulty for the legal profession other than the fact that it is complicated and flexible in the way the rules are applied. It is no more difficult than complications posed by laws on the accounting profession. Both professions need a broad understanding of the other's concepts and issues.
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What difficulties is the application of GAAP as currently practised likely to pose for the legal profession?
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