Economic Damages for Individuals: A CPA's Role

Overview

AICPA's Fundamentals of Forensic Accounting Certificate Program

This course is part of the Fundamentals of Forensic Accounting Certificate Program - a comprehensive, integrated curriculum - covering AICPA's entire Body of Knowledge in this topic area. The program will provide you with the training, knowledge, and practical guidance needed for a solid understanding of financial forensics. Credit for individual courses purchased can be applied to the full program when you enroll within one year of the original purchase date. Please visit cpa2biz.com/forensic for information on the complete program.

This course will help you to better understand the applicable professional standards, underlying components for calculating economic damages for individuals, and legal issues related to economic damages.

Discounts

FVS Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org if you have any questions or encounter any issues.

Prerequisites

None

Objectives

Learning Outcomes

• List the professional standards and guiding principles applicable to economic damages engagements
• Recall the types of economic damages that may be awarded to individuals
• Calculate lost earnings, medical, household, and other expenses and what documentation is required for each
• Identify documentation required to calculate damages in cases of personal injury and wrongful death