Showing posts with label Practice Note CM7. Show all posts
Showing posts with label Practice Note CM7. Show all posts

Friday, 17 April 2015

Guiding the Experts!

Blog 5

When called to give evidence, a witness in a court proceeding is a “witness of fact” whereas an expert witness would be called to provide an opinion on the matter.


An opinion can be guided by different assumption therefore it is imperative that guidelines are in place. An experts report must comply with Rule 23.13 of Practice Note CM7. Rule 23.13 (g) states that the reasons for the expert witnesses opinion must be given and (e) outlines that the factual findings from which the expert's opinion is based on should be provided.    

The Chief Justice describes that these guidelines were introduced in order to facilitate the admission of opinion evidence so the experts understand the expectations of the Court. Furthermore, so that the expert witness is not subject to criticism for lack of objectivity. This is because the expert’s opinion can be drawn from facts which includes observed, scientific, accepted or assumed facts.

I think it is fairly reasonable to expect that expert witnesses adhere to guidelines. The duty of an expert witness should be to the Courts and not to act as an advocate of the client. Setting guidelines ensures that the witness knows of his/her audience. Even in general life, guidelines such as criteria on a university assignment set out the expectation so we know what is needed to be fulfilled. When I was employed in retail, we were given employee handbooks that outlined the expectations of the employer. Likewise, guidelines are needed for experts so they can meet expectations.   


Appendix




Forensic Accountants and the New Regulatory Environment

Blog 3


The role of a forensic accountant is to assist the courts, solicitors and clients to analyse, interpret, summarize and present complex financial and business information.  



Replacing the standards APS11 and G2, a revised edition APS215 Forensic Accounting Services was introduced. Requirements were tightened to enhance professional standards as the demand placed on forensic accountants grew Australia. However, there is concern that some professionals do not understand the changes.

Practice Note CM7, Guideline 1.1 specifies that when in court, an expert witness is required to use the experts area of expertise to assist the courts. In order to have expertise knowledge in the forensic accounting field, he/she should be aware of any regulatory changes to assist the court. 

As with any area of expertise, I think it is an expectation that a professional will be update to date with any changes that occur in their field. I used to be employed at a consumer electronics store. Due to the nature of technology, the products we offered were rapidly and frequently changing.  It was expected and also essential to know these changes and how these changes impacted certain products in order to assist the customers. Likewise, a forensic accountant should know the regulatory changes whether acting as an advocate to assist their clients or giving evidence as an expert witness to satisfy their duties in court.

Appendix:

http://www.michaelkirby.com.au/images/stories/speeches/2000s/2011/2525-FORENSIC-ACCOUNTING-CONF-MARCH-2011.pdf

http://www.apesb.org.au/development/APESBCMS/ver1.3/uploads/news/speeches_presentation/25112014025238_APESB_Presentation_-_CAANZ_Forensic_Accounting_Conference_-_29_Oct_2014.pdf