Economic Damages for Individuals: A CPA's Role
AICPA's Fundamentals of Forensic Accounting Certificate Program
This course is part of the Fundamentals of Forensic Accounting Certificate Program – a comprehensive, integrated curriculum - covering AICPA's entire Body of Knowledge in this topic area. The program will provide you with the training, knowledge, and practical guidance needed for a solid understanding of financial forensics. Credit for individual courses purchased can be applied to the full program when you enroll within one year of the original purchase date. Please visit cpa2biz.com/forensic for information on the complete program.
This course will help you to better understand the applicable professional standards, underlying components for calculating economic damages for individuals, and legal issues related to economic damages.
- List the professional standards and guiding principles applicable to economic damages engagements
- Recall the types of economic damages that may be awarded to individuals
- Calculate lost earnings, medical, household, and other expenses and what documentation is required for each
- Identify documentation required to calculate damages in cases of personal injury and wrongful death
Advanced Preparation: None
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Find out more information on the Forensic and Valuation Services Member Section.