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What is a finance expert witness?
A finance expert witness is a person who can provide testimony about financial matters . The finance expert witness may have expertise in accounting, banking, investments, or other financial topics.
What is the role of a finance expert witness?
A finance expert witness is a professional who is called to testify in a legal proceeding about financial matters such the value of a financial asset, the financial impact of a proposed course of action, or the financial history of a person or company.
How much can a person make as a finance expert witness?
Finance expert witnesses can earn anywhere from $200 to $450 or more per hour depending on the situation. The exact fee is decided upon by both the retaining attorney and the expert.
What are the qualifications of a finance expert witness?
Finance expert witnesses should possess a strong understanding of financial principles, accounting practices, and risk management.
For a case, how is evidence gathered by a finance expert witness?
A finance expert witness gathers evidence through financial analysis, document review, and interviews with relevant parties. They may also use industry standards and benchmarks to support their findings.
What type of cases typically require the testimony of a finance expert witness?
Cases involving financial fraud, breach of contract, bankruptcy, securities fraud, and business valuation typically require the testimony of a finance expert witness to provide specialized knowledge and analysis.