Expert Witnesses
Expert witnesses are believed to be knowledgeable in a particular subject or topic that is beyond the comprehension and knowledge of an average person. In relation to finance, these persons usually obtain their knowledge and awareness about such topic by undergoing or acquiring formal instruction and training, such as the financial analysts, financial scholar, or economists, etc. Some expert witnesses acquire knowledge by experience – which is eventually considered as concrete and actual. This experience in finance may be gained while working in a financial institution or the like. Meanwhile, other finance expert witnesses have an innate knowledge about any given topic, which is commonly termed as “stocked knowledge”. In the usual judicial court proceedings, the opinion or statement of the expert witnesses are relied as evidential and factual – this is referred to as an expert opinion. Expert witnesses are usually employed to assist fact-finders; their expertise can also help solve finance-related matters.
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