Economic Damages for Individuals: A CPA's Role

Overview

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.

Prerequisites

None

Objectives

Learning Outcomes

• 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