You Have Been Hired by Your Client to Investigate an Alleged

question 36

Essay

You have been hired by your client to investigate an alleged fraud case.Due to the complex nature of your client's transactions,you determined that it is necessary for you to obtain expert opinions and analyses to aid your investigation.
Required:
a.Identify the qualifications that your expert will need to possess in order to serve as your expert consultant.
b.Describe the conditions under which your expert will be permitted to testify based on Rule 702.

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Definitions:

Disclosure

The act of providing important information to shareholders and the public, which is typically mandated by law or regulations.

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

Estimation Uncertainty

The degree of approximation involved in certain accounting estimates, which may affect the financial statements.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period.