What Is A Finance Expert Witness?

A finance expert witness is someone with specialized knowledge in economics or finance who is petitioned to provide a testimony during a court trial. His or her expertise will be used to prove or disprove theories or facts presented in the case. Both the prosecution and the defendant’s attorney may hire a finance expert witness if necessary.

The main criteria needed for someone to become a finance expert witness is that he or she have substantial knowledge in finance and be established as an expert in the field. This knowledge may have been obtained through education, experience, or a combination of the two. Published papers, awards, and other achievements may also be taken into consideration when choosing a witness.

When choosing a finance expert witness, the hiring attorney may also choose someone with knowledge in a particular area of finance. For instance, if someone is on trial for tax evasion, the prosecution may hire someone who is an expert on taxes, tax law, or another area involved with the payment and recording or taxes. More than one expert witness may be hired if various aspects of finance are being investigated.