Forensic accountants are experienced in the reconstruction of financial information that can be used in pre-trial, trial and settlement proceedings. They typically have experience with fraud detection, and investigation of allegations of accounting manipulation and defalcation. Furthermore, a forensic accountants expertise can be used to assist attorneys and business owners in assessing the causal link between liability and damages. Click below for more details regarding forensic accounting.
A business valuation provides an independent opinion on the value, or diminution of value, based upon generally accepted valuation theory, as well as a real understanding of value as it pertains to the past, present, and future. A business valuation expert is required to obtain additional training, and experience in finance, economics, and accounting and is designated as an expert through the AICPA, ASA, or other valuation community. Click below for other areas included in business valuation.
Economic damage analysis quantify the amount of lost economic potential due to the occurrence of allegedly harmful events. These calculations are based on three core components: the causal link between a specific event and alleged lost profits (financial causation), the profits that would have been achieved but for the specific event (but-for profits), and the profits that were actually achieved because of the specific event (actual profits). Click below for more details regarding economic damage analysis.