Page 57 - Expert Witness

4. Examine financial and accounting recording and reporting issues

Trial Assistance:

1. Prepare questions for the opposing party’s financial and accounting fact witnesses or experts

2. Assist with accounting terminology and dispute analysis

3. Provide GAAP perspective or analysis

Posttrial Support:

1. Serve as settlement funds administrator, especially for structured settlements

2. Serve as receiver

Transaction Testing:

1. Determine how disputed regulatory or contractual obligations, such as sales and use taxes or roy-
alty payments, are calculated

2. Verify how disputed transactions are recorded through the financial and accounting processes
and systems

3. Analyze whether financial and accounting processes and systems capture all of the contractual
assets or obligations, based on the appropriate bases of accounting

Negotiation:

1. Provide a GAAP perspective

2. Perform case evaluation to assist parties in realizing the strengths and weaknesses of their posi-
tions and potential resolutions

3. Examine financial and accounting recording and reporting issues

4. Prepare questions for the opposing party’s financial and accounting fact witnesses or experts

5. Assist with accounting terminology

Arbitration:

1. Act as a sole arbitrator or on a panel of arbitrators for accounting or contractual disputes

2. Provide a GAAP perspective or analysis

3. Provide an expert report or testimony for the arbitrator

Mediation:

1. Act as a sole arbitrator or on a panel of arbitrators for accounting or contractual disputes

© 2020 Association of International Certified Professional Accountants 55