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It is no secret that the
United States is a litigious society. Statistics show that
more U.S. citizens at some point in their lives will be involved in
some way in the litigation process. More and more CPAs are
being brought into lawsuits as "experts" by attorneys who need help
with the complex financial aspects of their cases. By virtue
of the training and experience they typically receive, CPAs are
uniquely qualified to provide important services in legal
disputes.
Overview of a Typical Lawsuit
Investigation and
Pleadings
- The plaintiff hires an attorney to seek restitution of damages
from a defendant.
- The plaintiff attorney investigates the case (possibly with
the assistance of a CPA or other expert).
- The plaintiff's attorney demands restitution from the
defendant.
- If the defendant refuses to pay, the plaintiff's attorney
files a lawsuit (which may also be called a complaint or initial
pleading).
- The defendant responds to the complaint with a motion or an
answer.
Discovery
- Each party requests documents from the opposing side.
- Each party issues interrogatories to be answered by the
opposing side.
- Each party submits requests for admissions to the opposing
side.
- Each party holds depositions of opposing witnesses.
Motion Practice and Negotiation
- Throughout the litigation process, each side will seek rulings
from the court regarding a variety of motions.
- At any time during the litigation, the parties may negotiate a
settlement.
Trial and Appeal
- The case will be litigated and a verdict will be rendered.
- The losing party may appeal the verdict to a higher court.
We can assist you
in litigation support services in the following areas:
1.Lost Profits Analyses Involving Closely Held Businesses
2.Damage Studies Involving Individuals
3.Divorce Services
4.Bankruptcy Services
5.Claims Against Accountants
6.Employee Fraud Engagements
7.Criminal Tax Cases
8.Business Valuation Services
9.Expert Witness Services
10.Mediation and Arbitration
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