Economics and Forensic Accounting

Expert Witnesses and Consultants

It’s a rare case that can’t be aided by a skilled economics or accounting expert witness. That’s true whether it’s commercial litigation involving issues such as antitrust, unfair trade practices, breach of contract, commercial loss, business interruption, or employment discrimination. It’s also true in personal injury, wrongful death, or medical malpractice cases.

Economics experts apply economic theories and methods to calculate losses and damages in claims involving persons, workers, or markets. They may be asked to opine on business valuations, lost earnings, wage disputes, securities values, costs of contractual breaches, and other complex issues. Or they may deal with economic matters around employment decisions under Title VII of the Civil Rights Act or the Fair Labor Standards Act.

Accounting expert witnesses, sometimes called forensic accountants, help sort out the labyrinthine financial aspects of litigation involving complex tax issues, asset valuation, and the valuation of intangibles, including goodwill. Often, the expertise of these specialty witnesses overlaps with economics experts.

The past several years have seen increased governmental actions in several areas where economics and accounting expert witnesses play an increasingly prominent role. For example, governmental allegations of uncompetitive behavior in multiple industry sectors have increased in the past decade. Economics expert witnesses can assess specific ranges of economic issues that arise, including relevant product and geographic market definitions and entry conditions. Similarly, the Internal Revenue Service has had a focus on financial fraud during COVID-19. Whether the matter in question relates to taxes, valuations, bankruptcy, relief funds, or other related financial disciplines, a forensic accountant expert witness can help you in defense of your client.

By their nature, most intellectual property claims are sufficiently complex to require economic and accounting expert witnesses. For example, what are the damages when a product infringes only one component of a patented invention? And since intellectual property patent rights can persist for 20 or more years from the date of filing, and copyrights can last far longer than that, these values often need to be calculated far into the future.

Expertise for Every Eventuality

We’ve identified economics and accounting forensics experts to calculate damages in multiple matters involving several disciplines. For instance, our economics experts can support or challenge class action certifications by showing that “common impact,” a necessary element for class certification under the Federal Rules of Civil Procedure, is or is not valid within the entire class. Our forensic accounting expert witnesses have validated the amount of loss resulting from vaccines which did not deliver the promised protection, and supported damage assessments when oil and gas exploration companies did not restore land to its original condition. We have also identified experts to testify in valuation cases of banking institutions as well as closely held alternative finance businesses.

Our experts can provide expertise and testimony in many areas, including the following:

  • Title VII of the Civil Rights Act of 1964
  • Fair Labor Standards Act
  • Equal Pay Act
  • Class Action Certification under Rule 23 of the Federal Rules of Civil Procedure
  • Financial Accounting Standards Board’s Generally Accepted Accounting Principles (GAAP)
  • Financial audits
  • Tax transactions
  • Valuation of public and non-public companies
  • Business/commercial lost profits
  • Vocational economics
  • Intellectual property valuation
  • Accounting fraud and malpractice
2022-01-24T17:51:47+00:00

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How We Find Your Experts

For Rubin Anders Scientific, precision matters. It’s our mantra. We don’t waste your time sending experts who “kind of” fit the bill. Our experts are deployed into your project with pinpoint accuracy. We take pride in giving you exactly what you need. It’s what your project deserves.

We succeed at locating knowledgeable experts with deep experience in the Economic and Accounting arena. We have years of experience in placing experts, and our researchers are themselves highly credentialed (often Ph.D. scientists) who can assess your needs and match them to our exacting methodologies to bring you a successful match.

The primary criteria we use to select these individuals include, but are not limited to:

  • Your stated needs
  • Academic background and certifications
  • Industry experience and professional background
  • Location and travel limitations
  • Experience in legal proceedings
  • Qualifications of the opposition witnesses
  • Potential conflicts of interest
  • Fees

Our team of Ph.D. and J.D. researchers has a proven track record of identifying experts who can fill the niche you need. Whether you’re seeking an expert opinion on the valuation of a company’s intellectual property portfolio, or a forensic accounting expert’s testimony on whether an accounting firm engaged in malpractice by failing to comply with Generally Accepted Accounting Principles, our team has the technical understanding and extensive network to locate the ideal expert to suit your requirements.