Economic Damages Calculation

Economic damages calculation in forensic accounting involves determining the financial losses an individual or business has suffered due to an event, such as an accident or breach of contract. This process assesses lost income, expenses incurred, and any future financial impacts. Forensic accountants use financial records, market data, and expert analysis to quantify these losses comprehensively. The goal is to provide a clear, objective estimate of economic damages to support legal claims or negotiations, ensuring that victims receive fair compensation for their financial hardships.