by Adam Giliberti 4 April 2011As a forensic accountant, it is often not difficult to see when a business is in some kind of financial distress. This is usually apparent from reviewing the Financial Reports for the business. However, it is a much more difficult task to determine the point in time when a business has deteriorated from a position of financial distress to becoming [...]
Read the full article → by Adam Giliberti 18 March 2011Financial Reports are typically associated with accountants. This term can be found in the Corporations Act (“the Act”). Section 295 of the Act specifies that an annual Financial Report consists of: the Financial Statements; the Notes to the Financial Statements; and the Directors’ Declaration about the Financial Statements and Notes. When the Financial Reports are prepared in accordance with Australian [...]
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