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Law Practice

May 11, 2011

Keeping the Shiny Side Up: Restraining Modified Cash Basis Accounting Creativity in Law Firms

Learn the early warning signs of possible law firm troubles ahead. By Edwin B. Reeser and James B. Hunt


LAST IN A FOUR PART SERIES: This continues part three, which appeared on Monday.


By Edwin B. Reeser and James B. Hunt


Rigors of financial management and occasional risk-taking by law firm management can lead to wonderful futures or disastrous failures. Law firm accounting can be useful, but can also be put to unworthy use, such as cover-ups and "lily-gilding" of financial performance.


Here is some advice on "early warning" si...

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