The role of expert witnesses has greatly expanded over time in the American jurisprudence system. Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Attorneys use financial experts in litigation for the same reasons businesses retain them as advisors. Juries and triers of fact seem to understand this fact and respect the practical experience of the expert. Financial experts typically compute economic damages of plaintiffs (cross-plaintiffs) resulting from a legal wrong. In addition to economic damage calculation, CPAs with suitable experience consult or testify on matters of marketing, economics, and industry practice.
The Valuation & Advisory practice of NP Accounting Solutions has extensive experience in litigation support having been retained as both testifying and consulting experts on cases of bankruptcy, anti-trust, owner derivative suits, divorce, intangible asset theft and infringement, breach of contract, personal injury and criminal matters. Testimony has been rendered to federal and state courts. Members of the Valuation & Advisory team assist with the following expert services:
- Economic damage determination
- Damages due to infringement of intellectual property rights
- Fraud detection/forensic accounting
- The debtor in possession reports, a court-appointed receiver
- Valuation of businesses, business interests, and business assets
- Construction claims
- Discovery and identification of assets acquired through fraud
- Mergers, acquisitions, divestitures
- Shareholder/owner litigation