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11/19/13, 9:28 AM CT | Author: Sue Daly Tobias
On November 16, the ABA Board of Governors adopted a Resolution sponsored by the Business Law Section and co-sponsored by seven other sections, divisions and state bars opposing draft legislation by House Ways & Means Committee Chairman Dave Camp (R-MI) that would require all law firms and other personal service businesses with annual gross receipts over $10 million to use the accrual method of accounting rather than the traditional cash receipts and disbursements method of accounting.