Published in 2020 by John Wiley & Sons, the third edition provides a practical and methodical discussion of economic concepts, analytical frameworks, and litigation issues commonly encountered in damages analysis. Measuring Business Interruption Losses and Other Commercial Damages: An Economic Approach by Patrick A. Gaughan is a valuable technical reference for professionals involved in business interruption and commercial damages engagements. Business interruption damages engagements often require forensic accountants and litigation experts to evaluate “but-for” financial outcomes under uncertain circumstances. These counterfactual analyses involve projecting what a business would have earned absent a loss event and comparing those expected results to…
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Opportunities for Valuation Pros The widespread destruction left in the path of Hurricanes Harvey, Irma, and Maria provides ample ground and opportunities for CVA professionals to assist the public. In this article, the author, a CVA, details those opportunities.