FVC1954. How To Ensure You Don't Get Excluded – Assessing Data Reliability Issues in Quantifying Damages Tips

Area of Expertise: 
The Experienced Pro
Field of Study: 
Accounting
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation

Wednesday, November 6, 2019
 
8:55AM-10:10AM

Damages experts are ever-more frequently being challenged on the reliability of their opinion evidence under the Daubert standard. One of the most commonly cited reasons for excluding experts is that their analyses were not supported by sufficient facts or data. This session will use detailed examples from case law to identify specific risk-areas that CPAs need to be aware of when working on cases with data issues, and the types of procedures they can use to protect themselves from being excluded as an expert witness at trial. This presentation will provide practical, hands-on insights directly relevant to both US and Canadian practitioners. The presentation will be delivered in a high-energy and interactive manner that will aim to capture the interest of the audience. Attendees will:
Learning Objectives:

  1. Delve into several court rulings where damages experts were challenged on the basis of reliability in order to understand how the courts interpreted these challenges and viewed the experts’ work.
  2. Identify common data issues that are encountered by experts when preparing their reports.
  3. Learn approaches that experts can take to deal with data issues in their analyses and to avoid their opinions being excluded through Daubert challenges (in the US) and non-Daubert challenges (in Canada).


SESSION SPEAKER(S)

CPA CA (Canada)
Principal | Cohen Hamilton Steger
CFF, CBV, CPA-CA (Canada)
Associate Principal | Cohen Hamilton Steger & Co. Inc.