Quantification of Economic Damages

Overview

Calculating economic damages can be complex. You'll examine the core concepts and methods related to business, individual, and intellectual property damages to better assist clients with these engagements.

Highlights

Key Topics

• Core concepts
• Causation
• Types of damages
• Business, individual, and intellectual property damages
• Intellectual property infringement
• Calculation considerations and methods

Prerequisites

Foundational knowledge of forensic accounting

Designed For

Who Will Benefit

• Primary Audience: Members of the AICPA who are interested in earning the Certified in Financial Forensics CFF® credential.
• Secondary Audience: Professionals in the broader accounting, manager

  Objectives

  Learning Outcomes

  • Recognize the expert's duties and burdens in regard to reasonable certainty and causation.
  • Identify core concepts that overlap between business, individual, and intellectual property damages.
  • Identify the causes and types of business damages.
  • Apply the methods a practitioner may use to calculate business and individual damages.
  • Identify characteristics of individual damages.
  • Distinguish between the four types of intellectual property.
  • Apply guidelines for calculating commonly used infringement damages associated with each type of intellectual property.