Financial Statements

Checklist for the Evaluation of an Internet Business

by Arnold Shields 16 March 2010

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.

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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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Common Mistakes in Economic Loss Part 2 – Expenses not deducted

by Arnold Shields 29 July 2009

Any economic loss needs to take into account the relevant expenses incurred in earning that income.

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The benefits of conducting a Fraud Risk Assessment Exercise

by Arnold Shields 12 June 2009

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

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