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In a recent NSWSC judgment, the Court found that an error identified by the Expert is not a ‘manifest error’.
In a family law matter, the outputs from an expert valuation – usually a single expert valuation – are often pivotal to the outcomes for the parties involved. Therefore, how a single expert valuer is engaged and utilised by the parties should be carefully considered and planned so the parties achieve maximum value.
Valuation of private businesses can be a nuanced and complex process when there is no dispute involved. Business valuations as part of a dispute create additional layers of complexity and require consideration of different issues.
Critiquing another expert's report is a core skill of a forensic accountant. In this article, we set out the key areas of critique, how we approach them and three things to focus on.
Understanding whether a transaction is based upon 'market value’ can be an integral component of an engagement in which a business valuer is appointed to opine upon.
Quantification of losses in insurance claims often rely upon assumptions instructed or adopted by an expert.
Expert evidence – in both written form in the witness box – is a critical element of any legal proceedings. However, it is an Expert’s conduct in the witness box under cross-examination that is often the most commented upon by the Court through the judgments published.
With soaring building costs and interest rates on the rise, builders and property developers are seeing their margins eroded and losses accumulating from development projects.
When issuing your instructions to an accounting expert, the correct wording of the instructions is very important.
Across the country, we are seeing a growing trend for shareholder oppression proceedings due to mechanism being used to expediate a deal between disputing shareholders. But how do you value a minority interest held by a shareholder when they have instigated such proceedings? We look at a recent judgment which provides further clarification for valuers in these growing scenarios.
In most cases, some level of assumptions have to be made when developing an expert witness or forensic accounting report. But there are some rules around what assumptions the Courts will accept as part of your findings. From instructed assumptions and assumptions made by the expert and testing their reliability, we explore assumptions in the context of your Expert Witness reports.