Case Studies

Statement of No Advice

by Fiona Bateman 27 January 2010

We have been amazed at the number of people who are being asked to sign a “Statement of No Advice” by their financial Advisors. Why would the advisors ask you to do that? They don’t have to take responsibility for their advice.  If they don’t want to take responsibility why would you trust them? They don’t have to disclose how [...]

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Phoenix Company Investigations

by ArnoldAdmin 16 December 2009

We were recently engaged by the liquidators of a security company to determine the value of goodwill arising from the transfer of the business to a phoenix company.

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Disputed Will – Case Study – Future Needs

by Arnold Shields 13 November 2009

How we calculated the future needs in a disputed estate by using superannuation and effective tax planning to provide a solution that enabled a quick settlement.

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Payroll Fraud

by Arnold Shields 6 November 2009

The payroll is the largest expense area for many organisations, and one which should be controlled carefully. Nevertheless, payroll fraud accounts for 17% of all fraudulent disbursements suffered by organisations. There are three main types of payroll fraud – Ghost Employees, Overcompensation, and Bonus and Commission Schemes.

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Case Study – Economic Loss – Taxi Operator

by Arnold Shields 13 October 2009

We were recently engaged to calculate the economic loss of a taxi operator who was significantly injured in a motor vehicle accident and was off work entirely for around 3 months.

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Internet Banking Fraud – Clive Peeters Case

by Arnold Shields 12 August 2009

One of the most common forms of employee fraud that we have been seeing for quite some time involves access to internet banking. Businesses often have two signatories for company cheques but allow full single user access to their internet banking. The result is an accident waiting to happen.

An internet banking fraud of $20 million was reported today in the Sydney Morning Herald involved the payroll manager of listed white goods retailer, Clive Peters.

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