Defines an expert witness as a specialist who uses special knowledge, skill, training or experience to provide testimony to aid the factfinder. Discusses the criteria and qualifications that should guide the selection of a forensic accounting expert witness. Outlines the areas of expertise within forensic accounting: investigative accounting, economic loss calculation, business and intangible asset valuation. Describes how the expert is matched to the engagement, using six examples; these include misappropriation of funds, business interruption, valuation of a business interest, construction contract damage, marital dissolution, and breach of contract. Refers to the Daubert and Kumho Tire cases, where expertise was challenged as “junk science”, and considers the “beauty contest” choice between two similarly qualified and experienced practitioners.
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1 April 2005
Review Article|
April 01 2005
Expert witness qualifications and selection Available to Purchase
Derk G. Rasmussen;
Derk G. Rasmussen
BSc (Accounting), BSc (Finance) MBA, CPA, ABV, CFE, ASA; MBA awarded by the Utah State University
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Joseph L. Leauanae
Joseph L. Leauanae
BSc (Accounting), MBA, CPA, CITP, ABV, ASA; MBA (with special emphasis on Management of Technology) awarded by the University of Utah. (CITP: Certified Information Technology Professional; awarded by American Institute of Certified Public Accountants)
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Publisher: Emerald Publishing
Online ISSN: 1758-7239
Print ISSN: 1359-0790
© Emerald Group Publishing Limited
2004
Journal of Financial Crime (2005) 12 (2): 165–171.
Citation
Rasmussen DG, Leauanae JL (2005), "Expert witness qualifications and selection". Journal of Financial Crime, Vol. 12 No. 2 pp. 165–171, doi: https://doi.org/10.1108/13590790510624954
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