Avoiding conflicts of interest is essential

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Avoiding conflicts of interest is essential. The accountant must disclose any potential conflicts of interest to the client and the court. This includes prior relationships with the engineer/architecture firm or any financial incentives tied to the outcome of the case (AICPA, n.d.).Objectivity also demands presenting all relevant information, even if it weakens the client's case. This ensures a fair and balanced presentation of the evidence in court (Federal Rule of Evidence 702, 28 U.S.C. Appx.). Valuation conclusions should be supported by sound methodologies and verifiable data sources. This strengthens the credibility of the expert opinion and avoids speculation or personal opinions (Daubert v. Merrell Dow Pharmaceuticals, Inc., 1993).

Reference no: EM133672146

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