-
Part-time Marketing Student
2 weeks ago
Cascade Ventures Rye Brook, United States Part timeAbout the Company · We are a globally leading company in the automotive industry, operating in the fields of commercial and special vehicles, drive technologies, and related financial services. Each of the eight brands under our company is a driving force in its specific industry ...
-
Financial Analyst
2 weeks ago
Insight Global White Plains, United StatesPosition: Financial Analyst · Perm: 79k-119k · Location: White Plains, NY, HYBRID schedule- Wednesday onsite- 9am-5pm · Must-Haves: · Bachelor's degree in business/Hospital Administration required. · 2-5 years experience in Accounting, Finance, or related field with Hospital/He ...
-
Cost Analyst
2 weeks ago
Insight Global White Plains, United StatesLocation: hybrid 1x week onsite - White Plains NY · Must-Haves: · Cost accounting experience required · Experience with Cost/financial analysis for a healthcare organization · Experience with Power BI, reporting systems (Syntellis), cost accounting (Strata), financial system (in ...
-
Learning Advisor
4 days ago
eTeam White Plains, United StatesJob Description: · Instructional Designer for Manager Training Curriculums · Looking for a creative instructional designer for our management training curriculum who has experience writing and editing content for various learning solutions such as case studies, role plays, virtu ...
-
Lead Customer Contracts Analyst
3 weeks ago
New York Power Authority White Plains, United StatesSummary · The function is critical in protecting NYPA's interests as it pertains to legal agreements under which we sell our power products or offer fund awards. The role is responsible for the negotiation, creation, and on-going management of NYPA's contracts and tariffs for it ...
-
Marine Infrastructure Manager
3 weeks ago
New York Power Authority White Plains, United StatesResponsabilities Summary · Provides efficient and cost-effective office support operations to the NYPA and Canal Corporation enterprises. Ensures NYPA and Canal Corporation information assets are protected, accessible and supports business needs. · Accountable for all owned marin ...
-
Senior Credit Analyst
3 weeks ago
New York Power Authority White Plains, United StatesLocation field must contain 'city, state' or a zip code to perform a radius search (e.g., · Denver, CO · or · City and state must be separated by a comma followed by a space (e.g., · Houston, TX )New York Power Authority · Senior Credit Analyst · in · White Plains , · New ...
-
Senior Auditor
2 weeks ago
New York Power Authority White Plains, United StatesResponsabilities Summary · Conduct internal audit activities within the organization, including providing independent, objective assurance and consulting activity designed to add value and improve the organization's operations. Internal audit is intended to assist the organizatio ...
-
VP Legislative Relations
3 weeks ago
New York Power Authority White Plains, United StatesResponsabilities Summary · Directly manage legislative relations issues across all Authority Business Units, working closely with Executive Management, Legal, Community & Government Relations, Environmental Justice, Communications, & Operations, and other relevant departments. Ke ...
-
Crimson Solutions Oyster Bay Cove, United StatesAt MÖHRLE HAPP LUTHER, over 400 employees from the fields of auditing, taxation, law, and consulting work hand in hand. We are a member of Crowe Global, one of the world's leading consulting networks, and have been recognized as one of "Hamburg's best employers" for years. We off ...
-
Nurse Practitioner
2 weeks ago
Jobot Scarsdale, United StatesWant to learn more about this role and Jobot? Click our Jobot logo and follow our LinkedIn page · Job details · New Grads Welcome Outpatient M-F days with NO CALL and NO WEEKENDS- Pain Management · This Jobot Job is hosted by Amber Stoneburner · Are you a fit? Easy Apply now by c ...
-
Lead Customer Contracts Analyst
6 days ago
New York Power Authority White Plains, United StatesSummary · The function is critical in protecting NYPA's interests as it pertains to legal agreements under which we sell our power products or offer fund awards. The role is responsible for the negotiation, creation, and on-going management of NYPA's contracts and tariffs for it ...
-
Product Specialist
2 weeks ago
SMBC White Plains, United StatesSMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 ...
-
Product Specialist
5 days ago
Sumitomo Mitsui Financial Group Inc. White Plains, United StatesSMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 ...
-
Energy Logistics Analyst II
5 days ago
New York Power Authority White Plains, United StatesEnergy Logistics Analyst II · Location: · White Plains, US · Summary · The Energy Logistics Analyst II provides financial and market analysis which guides the analytics team as well as enhances the operations of NYPAs Fuel Department. · The role serves as a critical source f ...
-
Operational Risk Director
3 weeks ago
Sumitomo Mitsui Banking Corporation White Plains, United StatesOperational Risk Director · Job Level: Director · Job Function: Governance & Assurance · Location: · White Plains, NY, US, 10601 · Employment Type: Full Time · Requisition ID: 2771 · SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year histo ...
-
Decision Support Analyst
2 weeks ago
White Plains Hospital White Plains, United StatesAt White Plains Hospital, you have an opportunity to work side-by-side with some of the most talented people in the world. · We have been widely recognized for our exceptional culture, world-class physicians, Magnet-designated nurses and passionate employees who make a real diff ...
-
Decision Support Analyst
3 weeks ago
White Plains Hospital White Plains, United StatesAt White Plains Hospital, you have an opportunity to work side-by-side with some of the most talented people in the world. · We have been widely recognized for our exceptional culture, world-class physicians, Magnet-designated nurses and passionate employees who make a real diff ...
-
Operational Risk Director
1 week ago
Sumitomo Mitsui Banking Corp White Plains, United StatesOperational Risk Director · Job Level: Director · Job Function: Governance & Assurance · Location: · White Plains, NY, US, 10601 · Employment Type: Full Time · Requisition ID: 2771 · SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-yea ...
-
Department Of The Treasury White Plains, United StatesDuties · WHAT IS THE LBI - Large Business and InternationalDIVISION? · A description of the business units can be found at: · Vacancies will be filled in the following specialty areas: · Large Business and International Director NE Compliance - Tax Computation Specialist · The f ...
Selecting a Financial Expert - White Plains, United States - Ferraro, Amodio & Zarecki, CPAs
Description
Whether working for the Plaintiff or the Defendant, selecting a forensic CPA and commercial damages expert is typically a very important decision all attorneys need to make in a complex commercial litigation matter.
In most cases the jury, and even the trier of fact, will not be very well versed in the financial issues.
Consequently, the damages expert needs to be a person who can explain complex accounting and financial concepts in a clear, concise and easy to understand manner.
A capable expert will be able to explain how these concepts relate to the economic damage model and supporting calculations.
As many attorneys recognize, finding a suitable expert can be a challenging process.Several factors must be taken into consideration before selecting the right expert, particularly if the prospects for deposition and/or trial testimony are significant.
Engaging an experienced and knowledgeable expert who has previously testified in a deposition and/or trial can be very valuable for the attorney and their client.
The following are some specific factors that should be considered when selecting a commercial damages expert:Relevant and Current Training :
The expert should have formal forensic training specific to the calculation and presentation of commercial damage analyses in a litigation or similar contentious environment.
Many organizations which grant supporting forensic credentials (discussed below) require that minimum continuing educational requirements be met to maintain their designations.
A typical requirement is 120 hours over a three-year on average, 40 hours per year.Related Forensic Experience :
Attorneys should evaluate the commercial damage expert's amount of relevant experience. Look for a damage expert who has worked on comparable cases.
While lack of prior industry experience in most cases is not a deal breaker, it might be preferred in certain instances.
Previous Testimony Experience:
Attorneys should investigate previous cases to see the opinions and reports the damage expert has issued in the past for deposition or trial.
Counsel should also find out whether an expert has been subject to Daubert challenges and/or has had their opinion excluded at trial.
This is a critical part of the selection process.Supporting Credentials :
The damage expert's credentials are an important part of the decision-making process.
The attorney should look for a damage expert with relevant credentials governed by the American institute of Public Accountants (AICPA), the National Association of Certified Valuation Analysts (NACVA) and other relevant organizations.
Some of the more pertinent credentials are the following:Certified Public Accountant (CPA), Master Analyst in Financial Forensics (MAFF), Certified Business Appraiser (CBA). Chartered Financial Analyst (CFA), Accredited in Business Valuation (ABV), Certified in Financial Forensics (CFF) and Certified Valuation Analyst (CVA). The damage expert should also be an active participant in the organizations that monitor their relevant designations.
Communication Skills :
It's important that the attorney evaluate the damage expert's communication skills.
The attorney should consider how the expert will communicate their findings during testimony and determine if that communication style will be effective.
Positive References:
Attorneys should also ask for prior case references from the expert and contact their colleagues to see if they have any prior experience or knowledge in working with or against the damage expert.
There are many instances in which attorneys' partners or colleagues have prior dealings with a damage expert and can give good insight into whether he or she will be a fit for a case.
Once the attorney has selected a commercial damages expert it's important for them to keep the following in mind when working with the expert and preparing for your case:Scope and Timing of Work : The damage expert should understand the scheduling order and work to develop the expert report and prepare for potential deposition and trial testimony.
The attorney should understand the time it will take for the expert to prepare the report based on the scope of the assignment.
Damage Theory :
Explore and debate various damage theories with the damage expert and decide together which damage theory best matches the facts of the case.
Document Requests :
Whenever possible, the damage expert should make a formal document request well before discovery closes. This should allow for an initial review of preliminary documents and a follow up document request, if necessary.
It's imperative to provide the expert with all the necessary documentation for their analysis to enable them to prepare a sound expert opinion or rebuttal report.
The Expert Report:
Discuss the requirements of the expert opinion or rebuttal report and the level of detail that needs to be included.
Preparation for Deposition and Direct & Cross-Examination : Work with the damage expert to prepare them for direct and cross-examination.
Prior to deposition and trial, the attorney and damage expert should evaluate the opinions issued and information used in the expert report to anticipate the questions that might be asked in deposition and cross-examination.
It is critical for the attorney to communicate questions or topics which may be asked by opposing counsel so the damage expert can be adequately prepared.
Attorneys who understand the process for selecting and working with a commercial damage expert can improve their chances of successful outcomes.
Once engaged, the expert and counsel should work together to make sure that they both understand the scope of the assignment for both report as well as deposition and trial preparation.
About The AuthorAbout The Author Stephen Ferraro , CPA is a Partner with Ferraro, Amodio & Zarecki CPAs (FAZ).
FAZ is an experienced team of leading forensic CPAs, valuation experts, Certified Fraud Examiners (CFEs) and business advisors who seek to truly understand clients' needs.
Serving Albany, Boston, NYC, White Plains, Saratoga Springs and the surrounding areas, they leverage deep experience and a genuine, people-focused approach to provide best-in-class forensic accounting, business valuation and business advisory services.
#J-18808-Ljbffr