Trends in Accounting and Legal Collaboration

(From Accounting Today) As regulations grow more complex, collaboration between accountants and attorneys is crucial, as miscommunication can lead to misstatements, penalties and legal disputes, according to KPMG experts. To meet the rising demand for interdisciplinary expertise, law and business schools are adapting curricula to equip future professionals with financial and legal acumen. Beyond the classroom, hands-on programs are expanding, blending tax preparation for underserved communities with real-world tax clinic advising. These trends reflect a broader shift in the profession, where accountants must navigate legal complexities, and attorneys require a deeper understanding of financial reporting.

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