Courtroom Tips for the Expert
{"Image DocumentName": "Courtroom Tips for the Expert", "Image ImageDescription": "Does your report contain any math errors? Because if it does\u2014then it would be unreliable, correct? Do you consider Shannon Pratt to be an authority in the field of business valuation? Q: Does your report contain any math errors? Because if it does\u2014then it would be unreliable, correct? A: It s an unfortunate truism that valuation reports are rarely error-free, even though they ve been through several stages of quality control. (Keep this in mind when reviewing the opposing party s report for possible weaknesses.) Never, ever accept anything at face value, Hawkins says. Or citing the words of an ex-President: Trust, but verify. Q: Do you consider Shannon Pratt to be an authority in the field of business valuation? A: Of course you do\u2014as you do many of the best-known leaders in the valuation industry. The red flag here: Watch out for the questions that follow, as the attorney will usually ask you to read a passage from said leader, which\u2014on its face\u2014would seem to contradict your own assumptions, calculations, or conclusions. These passages are usually selective, taken out of context, and/or offer only one opinion on a subject about which reasonable experts could disagree, including the one cited. Finally, just because a book says that is how you should do it doesn t mean that is how you do it today. It s appropriate to demonstrate where a business appraiser has in fact made a mistake or is truly out of sync with the industry.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}