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AU Forensic Accounting Session: Quantifying damages in breaches of contract - why do experts disagree?



Wednesday, 10th March 2021
Quantifying damages in breaches of contract - why do experts disagree?

In breaches of contract, valuation experts on opposing sides can substantially disagree on the quantification of damages. The disparity in quantum is often due to a disagreement on assumptions.

In this presentation, we examine three recent breaches of contract matters. Where did the experts disagree and how were those matters resolved? We explore five key technical areas the experts disagreed on and answer these questions:
  • what are the methods, and which is the best?
  • for what period should damages be assessed?
  • how are lost revenue and lost profits estimated?
  • what is the appropriate discount rate?
  • what other issues cause disagreement?


We explain, more generally, why disagreements arise in these technical areas and what parties need to focus on.
Face-to-Face (AEST)
11:30am Registration and Lunch Served
12:00pm Session to Commence
1:00pm Session to Conclude

Online - Live Stream
10:00am - 11:00am | Perth
12:00pm - 1:00pm | Brisbane
12:30pm - 1:30pm | Adelaide, Darwin
1:00pm - 2:00pm | Sydney, Canberra, Melbourne, Tasmania
Simon Cook FCA
Simon specialises in valuing private businesses and quantifying damages.

Simon is a Chartered Accountant Business Valuation Specialist and Forensic Accounting Specialist with Chartered Accountants Australia and New Zealand (CAANZ).

He chairs the CAANZ Business Valuations group for Queensland and is a member of the CAANZ Trans‐Tasman Business Valuation Committee.

Simon’s qualifications include the New York Stern University Advanced Valuations program, Graduate Diploma in Applied Finance, and the Certified Fraud Examiner qualification.

Prior to founding Lotus Amity, he was a Forensic Accounting and Corporate Finance partner with BDO Australia and led their national forensic practice. He has worked on many cases in a wide range of industries, including assisting in multi‐billion-dollar litigation in relation to the Bernie Madoff’s $65bn Ponzi scheme.

Simon has assisted in many legal matters, including breach of contract, shareholder and transaction disputes and matrimonial matters. Forensic services provided include economic damage calculations, business valuations and interpretation of financial information. He has acted as an expert witness, as a shadow expert and assisted in mediations.
Face-to-Face
Chartered Accountants ANZ
Level 13, 1 Eagle St
Brisbane, QLD 4000

Online 
Zoom Platform

EVENT DETAILS


Topic: Corporate Finance, Member Regional Events

Sub-Topic: Building Knowledge, Forensic Accounting

Format: Blended Learning

Proficiency Level: All

CPD: Upto 1 hours