Volume XIII: Business and Private Organizations | Chapter 12a (1972): Law and Accounting in Business Associations
2nd November, 1966.
Detlev F. Vagts
1. Scope and limitations of chapter. – A learned american judge has said that “[a]ccounting concepts are a foreign language to some lawyers in almost all cases, and to almost all lawyers in some cases.”1 Note that this was said in the united states, where a close relationship prevails between much of the bar and business and financial circles and where law school courses and manuals designed to introduce lawyers…