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| Opposing Experts Without Standards: What to Expect and How to Challenge Them(2005Q) |
Course CPE: 3 hours
Field(s) of Study: Accounting–2 hrs; Business Law–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 24FL0711OEW
Shipping Weight: 0lbs. 0oz. |
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$260.00 |
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Recording Date: July 11, 2024
Presenter: Francisco Rosillo
Program Description:
"Opposing Experts Without Standards: What to Expect and How to Challenge Them" is designed to equip professionals in business valuation and litigation with the knowledge and tools to effectively handle opposing experts who do not adhere to professional valuation standards. It focuses on identifying common flaws in expert testimony, addressing credibility issues, and challenging methodologies that do not meet reliable standards. With recent changes to Federal Rule of Evidence 702, this course emphasizes the importance of ensuring expert testimony is backed by reliable data and principles. Participants will learn strategies to critique and counter expert opinions, specifically when those opinions are based on insufficient facts or flawed methods. Through case examples and in-depth discussions of valuation practices, the course provides actionable insights for valuation professionals involved in litigation.
After completing this course, you will be able to:
- Identify the key characteristics of expert witnesses who do not follow professional standards, such as business brokers, investment bankers, and economists
- Identify and critique the credibility and reliability of opposing expert testimony, particularly in terms of adherence to standards like Revenue Ruling 59-60 and Federal Rule of Evidence 702
- Recognize and apply the eight factors of Revenue Ruling 59-60 to evaluate the quality of a business valuation in litigation
- Determine strategies for effectively challenging flawed expert testimony, including identifying common errors in economic and industry analysis
- Recognize the impact of the December 2023 amendment to Rule 702 on the admissibility of expert testimony in court
- Identify and utilize professional standards, such as USPAP, to expose weaknesses in opposing experts' methods and support more reliable valuation conclusions
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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