Thursday 21 April 2016

Acting as an Expert Witness


A forensic accountant expert is a person who has specialized knowledge in the area based on the person’s training, study or experience.  An expert witness may be expected, or required, to give an opinion and draw conclusions based on the facts.

When acting as a forensic witness, high standards of performance are required.  It is imperative that an expert witness ensure they have collected and assessed all relevant facts and information from the lawyer and client.  Particularly when dealing with the lawyer and client, great care should be taken to avoid the possibility of being influenced to provide an opinion which is more favorable to the client than can be justified on the known facts.  The expert witness’ role is to serve the court and therefore must ensure the truth is unveiled.  If by some chance the expert witness is dishonest, it will undermine the experts’ credibility and diminish the value of their opinion (Hoffman, Finney, Cox & Cooper, 2013).

In order to avoid being discredited in court through showing partisan, the forensic accounting expert should ensure that all facts have been considered and analysed, and report the truth of the case.


References


Hoffman, R., Finney, W., Cox, P. & Cooper, K. (2013).  The Accountant as an Expert Witness: A basic guide to forensic accounting (2nd ed.).  CCH Australia Limited.

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