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    Explaining the meaning of 'risk' to a jury in simple English

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    If you are an expert witness and have to explain the meaning of 'risk' to a jury in simple English, what would you tell the jury?

    Please note:The average juror has no formal accounting or finance education, so use non-technical language in your answer. See if you can avoid talking about anything complicated such as investments, which most people don't understand.

    © BrainMass Inc. brainmass.com October 2, 2020, 6:02 am ad1c9bdddf

    Solution Preview

    Risk is a fancy word for the change that something bad may happen. There is a risk the your car won't start when you try to leave today. The risk is higher on a poorly maintained high mileage car. The risk is lower on a new Toyota Camry. So, risk ranges from low (the new Camry) to high (the poorly maintained high mileage car).

    The forensic auditor reviews the business ...

    Solution Summary

    Discussion is less than a page (278 words) and explains risk and gives examples of how a forensic auditor is an expert in risk, all without using any technical words or jargon. Your grandmother would understand this.