Polemic Forensic analysed the financial statements for a wholesale business which involved warring family members. It was apparent that the profit and loss statements reflected significant related party expenses which were incurred by the managing director. There were also significant discrepancies with industry benchmarks. Polemic Forensic prepared a business valuation for the entity. Shortly after […]
The Anti Money Laundering and Countering Financing of Terrorism (AML/CTF) Act 2009 will impact upon accountants and lawyers whom conduct business in New Zealand. The legislation is operative as from 1 October 2018. Accounting firms will be required to appoint a compliance officer, perform risk assessments, develop an appropriate programme and report suspicious transactions. The […]
Polemic Forensic will be presenting a seminar pertaining to anti money laundering risk processes on 21 November 2017 at Level 3 111 Harrington Street Sydney. The seminar will deal with issues including client risk classification, risk monitoring and controls, risk assessment factors, Transparency International, politically exposed persons, negative information and industry risks.
I always ask this simple question “Ok, what is forensic accounting? Is it similar to financial accounting? or Is it crunchier?” In this article I explain forensic, meaning ‘belonging to or used in courts of law’, is applicable in many fields, one of these being accounting What is Forensic Accounting http://www.polemicforensic.com/images/whatisforensicaccounting.pdf
