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Financial Statement Analysis and Business Valuation for the Practical Lawyer, Third Edition Robert B. Dickie and Peter R. Russo. Business Law Section, American Bar Association, 321 N. Clark Street, Chicago, IL 60654-7598. 436 pages. $169.95.
In the news of recent months have been numerous entries involving the financial fortunes (and misfortunes) of a certain ex-President of the United States and of his business organization. Much of the ongoing drama and legal haggling has revolved around the veracity and accuracy of company statements of financial position and asset valuation, with substantial consequences for purposes that range from access to funds for future operations to present and future taxation liability. In cases in which false or misleading information is provided to financial institutions or governmental agencies, civil and/or criminal legal jeopardy may ensue, not only for responsible parties within the organization in question, but for those hired to oversee good faith and accurate...