- NY Credits : 4.0
- TX Credits : 4.0
Litigation and dispute resolution matters arise out of disputes involving two or more persons or entities. It is important that a practitioner understands the various litigation and dispute resolution services an accountant can provide. This program introduces the practitioner to civil litigation and explain the differences between civil trials and criminal trials. It covers various areas including: domestic and divorce cases; fraud investigations and forensic accounting; securities claims; lost profits and business interruption; damage calculations for individuals; business reorganizations and bankruptcy proceedings; construction costs and claims; and other damage calculation areas for the accounting expert. The program concludes by outlining the basic techniques needed to manage a litigation services practice. This basic level course is most beneficial to professionals new to litigation services who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
recognize basic terms used in litigation matters including the role of an expert witness,
assess the various litigation and dispute resolution services,
identify issues applicable to the accounting expert in family law cases,
recognize the obligations that investment brokers have to their client,
identify lost revenues and any other losses that a business may incur due to the acts of another party,
determine and calculate potential damage claims involving individuals,
recognize the differences between a Chapter 7 bankruptcy and a Chapter 11 bankruptcy,
recognize the situations where construction claims may occur,
evaluate claims submitted to insurance companies and recognize how to determine material misstatements of fact, and
recognize the basics of managing a litigation services practice.