Such models generally describe the injury suffered by the plaintiff that is attributable to actions of the defendant, and estimate the monetary loss suffered by the plaintiff as a result of those actions. CPAs can work with defense lawyers, as well. In this capacity, a CPA would review and critique the plaintiff's damage model. In addition, the CPA may develop an alternate damage estimate to support the defendant's case. CPAs provide other services during civil litigation including antitrust analyses, business and pension valuations, and statistical analyses.
Divorce settlements Marital dissolutions often present attorneys with complex financial issues.
Tracing the source of purchases to determine if they were made using separate or marital funds. Determining a standard of living in order to establish alimony or child support payments. Valuing marital assets. Determining the tax consequences of asset distributions and the tax effects of various scenarios for dividing the marital estate. Bankruptcies Clients filing for bankruptcy may ask a CPA to develop a plan that will help them to emerge successfully from the bankruptcy proceedings.