Economic Damages for Individuals: A CPA’s Role
Learn the CPA’s role in economic damages, including professional standards, legal considerations, and key components of damages analysis for individuals.
CPE Credit
1.0 Hours
DELIVERY METHOD
Self-Study (On Demand)
LEVEL
Basic
PREREQUISITES
None
PRICING
$119.50 per year
Course Description
Economic Damages for Individuals CPE courses help accounting professionals understand the CPA’s role in economic damages, including applicable professional standards and guiding principles, underlying components of economic damages, and legal issues related to economic damages.
This course provides a foundational overview of how CPAs contribute to economic damages engagements in forensic accounting and litigation support. Participants will gain insight into the evaluation of financial losses in cases involving personal injury and wrongful death, with a focus on understanding concepts rather than performing detailed calculations.
The course also emphasizes the importance of proper documentation, professional judgment, and adherence to applicable standards when supporting damages analyses in legal and consulting environments.
This course is aligned with the AICPA Fundamentals of Forensic Accounting Certificate Program, supporting professionals in developing the knowledge required to participate in damages engagements.
What You’ll Learn
This Economic Damages for Individuals CPE course will help you:
- Identify applicable professional standards and guiding principles in economic damages engagements
- Understand the CPA’s role and responsibilities in forensic accounting and litigation support
- Recognize key underlying components of economic damages, including:
- Lost earnings
- Medical expenses
- Household services
- Distinguish between different types of economic damages for individuals
- Identify required documentation and supporting evidence for damages analysis
- Understand legal issues related to economic damages, including those relevant to personal injury and wrongful death cases
Who This Course Is For
This Economic Damages for Individuals CPE course is designed for:
- CPAs and accounting professionals entering forensic accounting or litigation support
- Professionals seeking to understand the CPA’s role in economic damages engagements
- Consultants supporting legal teams in economic damages matters
- Individuals pursuing the AICPA Fundamentals of Forensic Accounting Certificate Program
Key Topics Covered
This course covers key concepts included in an Economic Damages for Individuals CPE program, including:
- Role of CPAs in forensic accounting and litigation support
- Professional standards in economic damages engagements
- Legal issues related to economic damages
- Underlying components of economic damages calculations
- Lost earnings analysis
- Medical expenses and household services valuation
- Documentation and evidentiary requirements
Why This Course Matters
Economic damages analysis plays a vital role in forensic accounting and litigation support by helping quantify financial losses in a manner that is consistent with professional standards and legal requirements. Understanding the CPA’s role in economic damages ensures that analyses are supported by appropriate methodologies and credible evidence.
This Economic Damages for Individuals CPE course provides a foundational understanding of how CPAs contribute to damages analysis in litigation and forensic accounting engagements.
A strong understanding of professional standards, underlying components of damages, and legal considerations helps CPAs contribute effectively to litigation support, expert reporting, and dispute resolution processes.
For additional guidance, refer to the AICPA Fundamentals of Forensic Accounting Certificate Program.
Explore additional Accounting CPE Courses to further develop your expertise in financial reporting, analysis, and forensic applications.
Pricing & Access
$119.50 per year — Unlimited CPE Access
When you enroll, you receive full access to all courses in our catalog for one full year, including this course and every other available offering.
Unlike many CPE providers, we do not charge by the credit hour and we do not impose course expiration dates. Once you’re enrolled:
- All courses are included — no per-course or per-credit fees
- Your access lasts for a full year from your enrollment date
- Your completed course certificates remain available in your portal
- You can complete courses at your own pace, on your own schedule
This single annual enrollment gives you the flexibility to earn CPE hours when you need them — without worrying about expiring credits or additional costs.
Frequently Asked Questions
Is this course NASBA-compliant?
Yes. This course meets NASBA CPE requirements.
How is the course delivered?
On-demand, self-study format with quizzes for knowledge checks.
Can I complete this course at my own pace?
Yes. You may start, stop, and resume the course as needed.
