Scort E$.$ Miller, CPA, CVA has given an example of an expert witness in his article Litigation Engagement. So Now What." in The Valve Examiner. Read his example and of mistakes that the expert made in his expert witnessing engagement. CPA for $15$ years, tax services but does have any experience in lite on can provide profitable crice areas being to roviding this type of work that he should and and exciting practice as Let's assume there is a CPA. Calvin P$.$ Anderson. Calvin has been a practicing CPA has a successful CPA firm providing a full range of traditional accounting and tax ser litigation support or business anpraisal services. Neither Calvin nor his staff have any tion support or business valuation Calvin learns from another CPA that litigation support and business valuation cann growth areas for CPA firms. He remembers hearing and reading about these practice areas areas for CPA firms and decides that he is interested and wants to consider providing this His friend informs him of an upcoming three$-$day seminar on litigation support that he should Calvin takes the class and gets fired up about the prospects of entering this new and exciting prace When he gets back to his office, he immediately calls all his attorney prospects and lets them can provide these services. He develops marketing literature that he sends to his attorney conta many other attorneys in his local area. Its now mid$-$July and he gets a call from an attorney with a large firm in his home town. Calvin excited. Working for such a large firm like this one could really help his litigation practice grow. TL attorney. Justin C$.$ Esquire, with Peterson, Jones, Haskins and Dingle, LLP asks him about his current practice, education, experience, and whether he has any experience with economic analysis. Calvin says, $"$Of course, I have been doing financial analysis for over $15$ years as a part of assisting my clients and besides you have to analyze financial statements when you do financial statement work." When Esquire asks if he has any experience testifying before, Calvin says yes, knowing that the only time he did was when a diem was getting divorced and they asked him to comment on the income reported on his client's tax return He thinks, $"$It was so easy, this can't be much different." Esquire asks his fees and Calvin tells him

$125$ per hour. Esquire tells Calvin he is willing to pay

$10$ per hour premium, jumps at the chance. Esquire realizes Misplaced &

$450$ per month and therefore may have a month w into his chat bathis experts dame Je and then puls one, when Esquite die le stands up$,$ walks in bo re about the quality oe overrules hisobi s not sure. Doch alvin that he was publie cont of the jury. De ds the notes in Calvin's own de motor and needs the damage to $"$Ah$,$ ah$,$ ah$,$ ye ber to drive the po Calvin if it is true ce for themselves. Mment and why Esquial losses down. Celalui and pray for the forture to end. Derighe knows that Calvin has been destroyed but decides he needs to be sure the figure of

$1,000,000.$ All Esquire can think about is why did that idiot make that per Esquire determines the best thing to do is to cut his losses and not question Calvin again. It is now approaching $5$ p$.$m$.,$ so the judge ends the trial for the day and says it will start up again $9$ am with any further witnesses Mr$.$ Esquire may have. Calvin dashes out of the courtroom nearly tears. When he gets back to the office, he finds five messages from other CPAs asking for information on Calvin's $"$ex$-$clients so they can prepare their current year tax returns, Calvin sits at his desk sobbing it aches Doright and asks the hat, but he will take has just lost a couple of thousand dollars a year of income, pissed off his clients, and will never get a business from Esquire again, not to mention the potential malpractice issues. Calvin decides after fiasco never to do it again. Back at the courthouse, Esquire knows he has just lost his case; he approaches Doright an can still accept their last offer of

$400,000$ to $500,000.$ Given the risk of getting has decided to take your gracious offer. Can you have a check to my office within three Back at his office, Esquire thinks back to his original interview with Calvin. He rem thought he was pulling the wool over Calvin's eyes with a

$4,000$ bill. ughing at him and In bucks and actual of getting less, my dics three business days de low damages figurins eyes with a $$135$ cw with Calvin. He remembers hoe etting an inexperience he writes o s Esquire mawing that the engagement letter id even if he pushes