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Entries by Jay Cunningham

AICPA Announces New Professional Standards for Forensic Accounting Service Providers

Posted 1:25 PM by
One of the most common questions a financial damages expert gets at a deposition or trial is, “Did you follow any standards in forming your opinion?” Until just recently, and depending on the assignment, the answer to this question was not always as easy as one might think. While all CPAs must abide by the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct (which requires professional competence, due professional care, planning and supervision, and sufficient relevant data), no statements on an authoritative standard existed specifically for those providing forensic services.
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Financial Experts: Bridging the Gap Between Causation and Economic Damages

Posted 9:00 PM by
In civil litigation, causation is a critical element in establishing the plaintiff’s cause of action by linking the defendant’s alleged misconduct to the claimed economic harm. Because of this linkage between causation and damages, qualified financial experts are often in a position to provide analyses to the trier of fact that can assist in deciding whether the causal link has been proven by the plaintiff.
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Financial Damage Expert Opinions: What’s the Difference?

Posted 4:20 PM by
When presented with the same set of facts in a contested matter, financial damages experts often arrive at quantification-of-damages opinions with wide disparities. One of the first steps in addressing these differences is to identify where the expert opinions agree or diverge.
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