Opposing Experts Without Standards—What to Expect and How to Challenge Them
Co-Sponsored by the National Association of Certified Valuators and Analysts®
 |
Program Description |
|
Schedule |
 |
|
|
|
How You Will Benefit |
|
Pricing and CPE | ||
In litigation, not all valuation experts are created equal. Some opposing experts operate outside the framework of professional valuation standards; offering opinions based more on price than value, using unsupported assumptions, and failing to apply foundational guidance such as Revenue Ruling 59-60. The result? Testimony that can mislead courts and undermine equitable outcomes.
This course provides the essential tools for identifying, dissecting, and dismantling valuation opinions rendered by experts who do not adhere to established professional practices. It is designed for valuation professionals and litigation support experts who must confront flawed reports and testimony in adversarial proceedings.
You will learn how to evaluate opposing experts through the lens of credibility, using a nine-part framework that includes replication, reliability, relevance, transparency, non-advocacy, and completeness. The course equips you to recognize red flags such as inappropriate use of averages, insufficient normalization, weak financial benchmarking, and misuse of metrics like EBITDA. You will also explore how to assess the absence of economic or industry analysis and how to critique unsupported cost of capital assumptions or misaligned market data.
By referencing applicable standards—even when the opposing expert fails to—you will strengthen your ability to challenge their methodology under Rule 702 and related court rulings. The course highlights practical legal tools, such as motions in limine and deposition strategies, and offers guidance on how to assist counsel in preparing cross-examinations that expose methodological flaws and undermine unsupported opinions.
If you are committed to maintaining valuation integrity in the courtroom and want to be prepared for opponents who sidestep the rules, this course provides both the strategic mindset and technical skills needed to challenge them effectively.
This course is part of Business Valuation in Litigation.
After completing this course, attendees will be able to:
- Identify experts who do not follow professional valuation standards
- Recognize common flaws in unsupported valuation reports
- Explain the impact of Rule 702 and its 2023 amendments on expert testimony
- Determine when an expert has failed to apply Revenue Ruling 59-60 properly
- Analyze the credibility of an opposing expert using a nine-element framework
- Differentiate between valid financial metrics and those inappropriately applied
- Select appropriate rebuttal strategies when challenging unsupported valuations
- Assess how best to support a motion in limine to exclude flawed testimony
- Evaluate when normalization adjustments and industry analysis are insufficient or missing
- Distinguish whether valuation data and methodology are correctly matched to the subject company
Who Should Attend
Valuation Analysts contemplating litigation engagements.
To register, select the date you would like to attend and click the "Register Online" button for our online event registration. Contact Member/Client Services at (800) 677-2009 for questions or registration assistance.
| Virtual Course Schedule |
Early Registration Discounts and Deadlines |
||||
| Dates | Time | 10% | |||
| April 23, 2026 | 1:00–4:00 p.m. (ET) |
 |
3/31/2026 | ||
| Self-Study Course Available Here | |||||
CPE Hours—Virtual
|
|||||||||||||||||||||
For additional NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, click here.
Back to Top
