Tag Archives: Financial Statements
Checklist for the Evaluation of an Internet Business
I recently received an email asking us to value an online business and I developed a list of information that you should get to ascertain whether it is worth continuing in your investigations of the business.
When we are examining a business for business valuations or commercial litigation, we look at the financial statements, tax returns etc for the story that they tell about the business and comparing that to the story of the owners of the business.
Ideally those stories should agree, but it is not always the case.
Case Study – Economic Loss – Taxi Operator
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.
Common Mistakes in Economic Loss Part 2 – Expenses not deducted
Any economic loss needs to take into account the relevant expenses incurred in earning that income.
The benefits of conducting a Fraud Risk Assessment Exercise
Conducting an exercise to assess fraud risk may seem to be a low priority (and somewhat unexciting) project for a busy manager with pressing and immediate business critical issues to address