Economic Damages & Analysis
Economic Damage Analysis: Forensic Accounting Firm in New York City
MSG’s forensic accounting and economic damages experts frequently work with attorneys to determine the fairest and most precise calculations of economic and financial damages. There are many factors – the obvious and not-so-obvious – that affect economic damages. From salary and wages to essential day-to-day activities, there is a complex spectrum of financial needs that must be determined. Calculating economic damages requires skill, experience, and knowledge to assemble and analyze the relevant data. Flawed or fraudulent data invariably result in an incorrect calculation and negative repercussions.
We act behind the scenes to serve as accounting consultants during the litigation process to ensure all calculations are thorough and sound. We focus to find the minutest details while maintaining each case’s central purpose.
When required, our firm can additionally undertake the role of an expert witness to testify before a judge or jury. In such cases, we may be required to prepare calculations, schedules, or a detailed report. For more information about our expert witness roles, please click here.
We typically provide economic damage calculations for the following circumstances:
- Business Interruption
- Contractual Damages
- Lost Profit, Earnings, and/or Revenues
- Personal Injury
- Punitive Damages
- Wrongful Death
- Wrongful Termination
Key Issues in Economic Damage Analysis
- Quantify lost incremental profits by applying sound financial models.
- Assess economic mitigation factors.
- Determine litigation strategy to facilitate the best possible result.