Archive for August, 2015

A ticking time bomb for business owners and shareholders

A ticking time bomb for business owners and shareholders

In our line of work, the very first port of call is the client’s financials. We need to confirm there is the financial strength in the business to underpin the aggressive growth plans we plan to execute. In the growth projects we have initiated with clients over the past 10 years, a staggering 70% of engagements have unearthed issues with the accounting function – from plain ineptitude to in one case clear fraud. Most projects have resulted in the replacement of the head of the accounting function, some who have been insitu for years. Then today I read that the Victorian…