Accountants and lawyers should work more closely on corporate finance transactions
ICAEW members and guests gathered at JW Marriott Marquis in Dubai on Wednesday 28th September, to discuss whether accountants and lawyers collaborate sufficiently on corporate finance transactions. The event was organised by ICAEW’s Corporate Finance Faculty in the UAE…..
Speakers with finance and accountancy expertise highlighted that best results were achieved when working with lawyers who had expanded their knowledge to better understand finance and accountancy, thereby enabling them to include the findings into sale and purchase agreements.
Panellists agreed that having a project manager on corporate finance transactions is critical. Investment bankers or CFOs are the best people for this role as they have both financial and legal expertise. ICAEW: accountants and lawyers should work more closely on corporate finance transactions
In related news, accountants have been told that they’ve lost the art of organic growth and that current M&A activity is not a proxy for sustainable long-term growth. “Mastering key business and marketing tactics will be necessary to keep clients sticky in 2016 and beyond. ” Accountants Daily