Economic Damages Update - Reasonable Certainty, Lost Profits and Intellectual Property
Audio Webcast: 3.5
Learn the concepts covered in each of the AICPA Forensic & Valuation Services new practice aids. You will gain knowledge about the accepted approaches and methodologies used to quantify economic damages.

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$189 $149

5 - 9

$169 $135

10 - 20

$159 $125

21 +

$149 $119

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Detailed information can be found here

Product details

Familiarize yourself with methodologies and approaches.

Who Will Benefit?

  • CPAs and other qualified professionals who perform damage analyses and provide expert witness testimony in litigation matters

Key Topics

  • Methods and approaches to quantifying lost profits and other economic damages
  • New developments in the case law surrounding intellectual property infringement damages
  • Case law overview surrounding challenges to expert testimony on key components of an economic damages calculation

Learning Objectives

  • Apply the basic methods and approaches to quantifying lost profits.
  • Identify the key issues that are relevant to quantifying damages in intellectual property disputes.
  • Recognize where the courts have come down on selected issues central to the analysis of economic damages.

In order to survive a challenge to the admissibility of an expert opinion, CPAs who provide expert witness services need to be familiar with the methodologies and approaches typically employed in the analysis and quantification of economic damages. There is a robust body of case law that has been developed by the courts in the United States that directly addresses issues relevant to the quantification of damages.

The AICPA Forensic & Valuation Services section has issued three new practice aids that address methodological and case law issues:

  • Calculating Lost Profits
  • Calculating Intellectual Property Infringement Damages
  • Reasonable Certainty in Economic Damages Calculations - Revenues, Costs and Best Evidence

What you can expect

This webcast introduces the concepts covered in each of the practice aids. You'll gain knowledge about the accepted approaches and methodologies used to quantify economic damages, like lost profits, and the conclusions reached by the courts on issues central to damage analyses.


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Ratings and reviews
Speaker bio

David Duffus

David is a partner on Baker Tilly's Forensic, Litigation and Valuation services team. With over 25 years' experience, David specializes in applying forensic accounting techniques in damage analyses and valuations. Additionally, David provides services related to fraud and forensic investigations. David regularly works with organizations within the following industries: manufacturing, financial services, insurance, healthcare, higher education, real estate and construction.

Jeffrey Klein

Jeffrey A. Klein is a principal in the Forensic and Financial Consulting Services Group at Hemming Morse, LLP. In this position, Mr. Klein focuses on the application of financial, economic, and accounting principles to issues typically arising in complex business litigation. His work includes analyzing damages issues in matters involving allegations of breach of contract, breach of fiduciary duty, fraud, and intellectual property disputes, among others. Additionally, Mr. Klein has worked on numerous matters involving complex accounting, forensic investigations, and valuation issues. He is an active member of the AICPA AICPA Forensic & Litigation Services Damages Task Force, contributing to recent practice aids authored by the task force and its members.

Scott Bouchner

Scott Bouchner has more than 25 years of experience in business valuation, litigation support and management consulting. During his varied career he has been involved with damage analysis, securities litigation and business and family dispute resolutions.

A frequent expert witness in state and federal courts, Bouchner also performs due diligence for mergers and acquisitions, and provides strategic business consulting services.

Cynthia Tregillis

Cynthia Tregillis is the Deputy General Counsel of Contracts, Products and Intellectual Property for Western Digital Corporation, which is an industry-leading provider of storage technologies and solutions that markets its products under the G-Technology, HGST, SanDisk, Tegile, Upthere, and WD brands to OEMS, distributors, resellers, cloud infrastructure providers and consumers. Ms. Tregillis currently manages the Legal Department's teams that have responsibility over commercial transactions and business support, product development and marketing, and intellectual property. Her team is located in the United States, Europe, Israel, Japan, China, Thailand, Singapore, and Malaysia.

Cynthia Tregillis

Jeffrey N. Press is a Director in the Financial Advisory Services Group. He has nearly 15 years of experience providing forensic accounting services, including expert testimony. Jeff's focus is on litigation consulting and forensic accounting investigations, and he works with attorneys, public and private companies, and individuals. His consulting and forensic accounting matters have encompassed a wide array of matters involving economic damages in complex commercial disputes, intellectual property infringements, shareholder disputes, and investigations of financial fraud.

Drew Voth

As a Senior Director in Alvarez and Marsal's valuation and litigation support practice, Mr. Voth brings 27 years of experience in accounting, finance, valuation, economics and statistics to bear on earnings evaluations, damages studies, investigations, valuations, and other areas. He has testified in a variety of matters including intellectual property infringement, class action, breach of contract, and individual damage matters. Notable engagements include: prevailing testimony in the oft-cited copyright infringement indirect damages matter Mackie v. Reiser, 296 F.3d 909 (9th Cir. 2002); a no-damage ruling in an underlying patent infringement legal malpractice claim in excess of a billion dollars; and multimillion-dollar jury verdicts in various matters including breach of contract and theft of trade secret matters.

Greg Regan

Mr. Regan is a Partner at Hemming Morse, LLP in San Francisco. He has testified numerous times in federal and state courts as well as in arbitrations regarding economic damages. Greg has served on the AICPA Forensic and Valuation Services Executive Committee and Forensic & Litigation Services Committee. Greg is currently a member of the AICPA FVC Planning Committee an active member of the Economic Damages Task Force and Chair of CalCPA's Forensic Services Section. Right now, Greg is working on a refresh of the Lost Profits Practice Aid.

Christian Tregillis

Christian Tregillis is a partner in the Forensic and Financial Consulting Services Group at Hemming Morse. With more than 25 years of experience, he performs financial, economic, accounting, and valuation analyses and investigations, often in the context of disputes or transactions, including the negotiation of IP licensing agreements.

Chris has testified as an expert witness in approximately 100 matters, including before state and federal courts, as well as in arbitration proceedings. His prior experience includes serving as a partner at Deloitte & Touche. Chris has served as chair of both the American Institute of Certified Public Accountants (AICPA) Economic Damages Task Force and the California Society of Certified Public Accountants (CalCPA) Economic Damages section.

Alexander Walther

Alexander Walther is a Senior Vice President of BVA Group. Alex has over 12 years of professional services experience related to complex contract disputes, economic damages, bankruptcy adversarial proceedings, and valuation disputes, as well as investigations of alleged financial irregularities. Alex is a Certified Public Accountant who holds the designation of Certified in Financial Forensics awarded by the American Institute of Certified Public Accountants and is a Certified Fraud Examiner. He is an active member of the AICPA's CFF Credential Committee and the AICPA's Forensic & Litigation Services Damages Task Force.s

Jack Schwager

Jack Schwager is a Managing Director at FTI Consulting and is based in Chicago. Mr. Schwager is a member of FTI Consulting's Forensic & Litigation Consulting segment, where he assists law firms and corporate clients to investigate, understand, and respond to complex financial and economic challenges. He has more than 17 years of professional experience providing dispute advisory, forensic accounting and accounting advisory services.


Holly Sharp

Holly Sharp is a Shareholder and Director of Consulting, LaPorte CPAs & Business Advisors. She is also an adjunct professor at the A.B. Freeman School of Business at Tulane University where she teaches tax accounting. Ms. Sharp's experience includes extensive consulting work in the areas of taxation for individuals, corporations and other entities, as well as financial planning, estate planning, and business succession planning. Litigation experience includes testimony and forensic accounting services in accounting, financial, economic and business issues. Ms. Sharp is a Certified Public Accountant, Certified Fraud Examiner and Certified in Financial Forensics.

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Audio Webcast
: 3.5
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