If you need to measure economic damages, we can help. Our team of forensic CPA’s and expert witnesses can offer many aspects of financial experience in order to quantify and accurately measure the money that is at stake in your dispute. There are a variety of reasons why economic damage analysis might be needed, and we can offer assistance for any type of situation.
Often, this analysis is beneficial for:
- shareholder disputes
- business interruption claims
- securities cases
- merger and acquisition disagreements
- intellectual property infringement
- financial malpractice
- breach of contract
- lost earnings claims, and
- other types of business or commercial disputes
What is Economic Damage Analysis?
Economic damages quantify the amount of money that was lost due to events that occurred which harmed a business financially. The analysis looks at several factors, including profits that were earned from a specific event, profits that could have been achieved if the damaging event had not occurred, and any other links between alleged lost profits and a specific event.
In this process, our team will scrutinize economic, market, and financial data to determine the potential amount of money that you have lost. Investigative accounting is beneficial to uncover information applicable for the case, to determine the amount of money that is owed.
By analyzing the data, it is possible to arrive at conclusions and summarize them in reports. These findings can be used for arbitrators, juries, and judges. In addition to the analysis, we can also offer testimony in depositions, court, and arbitration meetings. The testimony offers concise and clear language to make it easy to understand the findings. Our economists have been qualified as experts and provided testimony in most courts in the Baltimore and DC metro area.
Damage Analysis in Maryland
Choosing a Specialist
Instead of hiring a general accountant, it is best to find someone who specializes in economic damage analysis. By working with an expert, you can have the peace of mind to know that small details will not be overlooked, because an experienced forensic CPA knows what they should be looking for.
At Weyrich, Cronin, & Sorra, we have extensive experience and thorough understanding about the factors that impact economic damages. We can look at all of the components to provide objective and insightful details. Our services will help you assess an economic damages claim through causation analysis, “but-for” scenarios, and the examination of past and future lost profits to determine how much money is at stake.
You need an expert who can offer both business valuation and forensic accounting services, and we can help. We invite you to contact us today to learn more about the services that are available. We are always available to answer your questions and help with anything that you need!