Forensic Accounting

Category - Fundamental Forensic Knowledge

What is Concord Boat?
  1. Considering ‘other events’ when calculating damages
  2. Distinguishing feature between actual cause and legal cause
  3. Another name for economic loss
  4. Another name for transaction loss
Explanation
Answer: A - It is often the case that plaintiff’s version of the damage assessment is considered the most appropriate. A practitioner should look for additional evidence by considering ‘other events.’ This is a fundamental principle related to damage assessment in litigation engagements.
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