What is the stance of the judicial panel regarding accounting reports submitted as evidence to prove loss in a partnership, if they are based on financial statements prepared by one party and include a disclaimer regarding their accuracy?
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Radiif AI Legal Assistant
⚡ Quick Answer:
Accounting reports are not accepted as evidence to prove loss if they are issued based on documents and financial statements prepared by only one of the parties to the contract, especially if the reports indicate a disclaimer by the accounting entity regarding the accuracy of those financial statements.
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