Assume that a forensic accountant cannot identify a specific conflict of interest related to a potential engagement, but there is a chance that the engagement might create the perception of a conflict of interest in the professional community. Should this engagement be accepted? Explain why or why not.
Answer to relevant QuestionsWhat is meant by the term joint expert? If you are asked to serve in this capacity, what factors should you consider before accepting the engagement?A common compensation structure in forensic ac-counting engagements is an hourly fee with a replenished retainer. Define and discuss this arrangement.What is a scientific process? What are the primary steps in such a process? Briefly discuss each step.Discuss five characteristics of good research.Obtain a copy of the following article: “Expert Witness Malpractice Actions: Emerging Trend or Aberration?” published in The Practical Litigator in March 2004. Prepare a summary of the article that addresses the ...
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