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Though most people and
businesses try to avoid it, sometimes litigation becomes a reality that must
be pursued or defended against. The level of accounting expertise involved
can have a significant impact on the outcome of a legal situation. A CPA
with knowledge, training and experience in litigation support services can
assist legal counsel in many ways including: participating in the discovery
process, developing expert reports, giving testimony at deposition and trial
and otherwise analyzing financial data. For over 30 years Rippe & Kingston
has served clients with integrity and objectivity while working to complete
engagements. Our professionals provide a range of litigation consulting
services including:
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Domestic and Divorce Issues
- Marital dissolutions can include division of assets and the
determination of child support payments. CPAs are often called upon to
evaluate the division of jointly owned property while considering tax
issues. Additionally, a
business valuation may be required for individuals having
ownership in a closely held business.
- Fraud
Investigation and Forensic Accounting
- When one party is suspected of concealing income or assets from
another, CPAs can perform forensic accounting investigations to help
isolate relevant facts. These investigations may also be needed
for claims involving embezzlement, payroll fraud, theft of company
assets and fraudulent financial reporting.
- Securities Claims -
Brokers have a fiduciary duty to make reasonable decisions regarding
their customer's finances. If an unsuitable investment is recommended
and a claim results, CPAs can assist with the analysis.
- Lost Profits and Business Interruption - If an incident
occurs that disrupts a business, the entity may sustain a loss and a
claim may result. CPAs consider the various methods that can be
used, determine which method is appropriate in the circumstances and us
that method to calculate damages.
- Damage Calculations for Individuals -
CPAs
can calculate the economic loss that may occur as a result of personal
injury, wrongful death, employment discrimination and wrongful
termination.
- Construction Costs and Claims -
Additional construction costs for a project may arise from delays or
change orders. CPAs can provide assistance in determining these costs.
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