CPAs are suited to calculate this economic loss. Personal injury also includes wrongful termination, wrongful death, medical malpractice, discrimination and lost individual earnings. Accountants can assist the litigation process with respect to personal injury engagements by both assisting the attorney and client in making a calculation or quantifying the actual value of damages, as well as testifying before a trier of fact.
Clients can include both individuals who are alive, as well as the estate of certain individuals.
Damages can also include claims for past and future medical expenses, special education classes and loss of household services. In the area of wrongful death, damages can also include funeral and burial costs. Practitioner also needs to consider how applicable state law will affect both judge and jury awards with respect to the resolution of personal injury matters.