The Role of Forensic Accountants in Investigating Loss and Damages in Civil Cases.

 "IT IS NOT THE FORENSIC ACCOUNTANT'S ROLE TO DETERMINE WHETHER THE OPPOSING PARTY IS GUILTY OF INNOCENT. INTSEaD THEIR ROLE IS TO INVESTIGATE THE QUALIFICATION OF LOSS AND DAMAGES TO BE PAID BY THEIR CLIENT". 

I agree with the statement. Forensic accountants are not responsible for determining the guilt or innocence of the opposing party. Instead, their role is to investigate and provide qualification of loss and damages to be paid to their client. In civil cases, forensic accountants are expected to provide unbiased financial analysis and expert opinions to aid the court in making informed decisions.

Two expert opinion matters that a forensic accountant may be required to calculate in a civil case are:

1. Business Valuation: In a civil case where the value of a business is disputed, the valuation process of this involves analysing financial statements, market trends, and other relevant factors to determine the fair market value of the business. This calculation is critical in determining the amount of damages to be awarded to the affected party.

2. Economic Loss Calculation: In a civil case involving financial loss, a forensic accountant may calculate the economic loss suffered by analysing financial records such as statements and tax returns. They may also consider the impact of loss on the affected party's future earning potential and financial situation.

A forensic accountants role in civil cases is crucial in providing unbiased financial analysis for accurate quantification of loss and damages. Their knowledge in expert opinion matters assist the court in settling for a fair decision.