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The Litigation Reform Act of 1995 was passed because of:
Forensic Accounting
Forensic Accounting is the practice of using accounting, auditing, and investigative skills to assist in legal matters and conduct investigations into fraud or financial discrepancies.
Income Statement
An income statement is a financial statement that shows a company's revenues and expenses over a specific period, highlighting net profit or loss.
Revenues
Revenue earned through the primary activities of a business, typically from selling products and services to its consumers.
Expenses
Outflows or other using up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities.
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