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The CannaBiz Success Show: Insights into the Cannabis Industry’s Evolving Challenges with Clay Kniepmann

Anders CPA

Emphasizing the need for transparency and accurate record-keeping, they also consider the future of federal legalization and its potential effects on the industry. “It’s It’s hard to play a game if the rules keep changing, and that’s unfortunately part of this being such a new industry.”

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Expert Testimony That Non-Accountants Can Understand

FraudFiles

The whole process starts with selecting the right forensic accountant or economist for the case. From there, legal counsel should look for an expert who can immediately discuss accounting concepts and case theory in a way that the attorney can understand. Selecting the Expert. Good testimony feels natural and flows well.

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Working With an Expert Witness

FraudFiles

However, the expert must be much more than just a mathematician, market analyst, economic guru or forensic accountant. Traditional accounting and finance skills are not enough when it comes to litigation. An expert more familiar with legal proceedings is probably a better choice.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

That backs up what tech executives working directly with legal firms have previously told CNBC, with one saying of his legal and accounting firm clients that the sentiment right now is not that AI replaces lawyers, but “lawyers using AI are gonna replace lawyers. How does a city plow through millions of dollars and not know how?

CPA 109
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Testifying in Court as an Expert Witness

FraudFiles

I could refer to myself as a fraud examiner, forensic accountant, or an investigator. Identifying what you don’t do well is crucial to the litigation game. Assuming that you’re experienced in the field, the next hurdle is actually being selected for a legal case. The Right Expert For the Case.