5 Things To Know Before Hiring A Valuation Expert/Forensic Accountant For A Divorce

Q: You have identified 5 key things to consider when hiring a valuation expert / forensic accountant in a divorce. What are they?
PH: When you are considering hiring a business valuator you will want to know five things:
1. the potential valuator's experience,
2. the type of expert report you need,
3. the process that you may expect,
4. an estimated fee for the work, and
5. an anticipated timeline.

Q: What are some of the ways in which to evaluate a valuator's experience?
PH: To review a valuator's experience, you would first ask to see the valuators' CV or resume. Look at the designations. Is the valuator a Chartered Business Valuator? A Chartered Business Valuator or CBV is an accepted qualification in divorce proceedings. Look for the types of experience noted on their resume.