Solar equipment maker Trony in the dark
Monday, 12 January, 2015, 4:00am
Eric Ng email@example.com
A forensic review of energy equipment maker Trony’s accounts uncovers three sets of books with different figures and many unanswered questions
Several sets of books with varying figures, missing computers, erased data, dubious clients and suppliers – the irregularities at Trony Solar Holdings , whose shares were suspended from trading in June 2012 – are the stuff of a regulator’s nightmare. Continue reading →
Deloitte faces scrutiny over audit of collapsed aerospace group
Big Four accountant Deloitte to face disciplinary panel over audits of collapsed aircraft parts supplier Aero Inventory
Collapsed Aim business Aero Inventory supplied parts for aircraft engines
By Alan Tovey, Industry Editor
5:13PM GMT 12 Jan 2015
Accountancy firm Deloitte is to appear before the industry regulator over its role in events leading up to the collapse of Aero Inventory, an aircraft parts supplier.
The firm, one of the so-called ‘Big Four’ firms, audited the former Aim-listed darling’s books for the three years before the company went into administration in 2009, after lenders refused to support the business because of concerns about the valuation of its inventory. Continue reading →
Posted by Shaun CHEW, Year 4 undergrad at the School of Accountancy, Singapore Management University
Tesco shares have fallen to a 12-year low, but some analysts say that the embattled grocer’s stockprice could fall further. According to a range of analysts, Tesco shares are being sold-off as investors worry over why fraud investigations are taking so long to come to a conclusion. Continue reading →
We are very honored to be able to invite the Senior Managing Director of FTI Consulting (FCN US, MV $1.5bn), a billion-dollar NYSE-listed global forensic consulting firm, as a guest speaker in our SMU classes in the Accounting Fraud in Asia course in Week 6, the week of 9th February. Over the years in the Asian capital jungles, the FTI people are amongst the few professionals whom I respect for their on-the-field expertise and thought leadership in the area of fraud and forensic investigation. I am sure that the talk will definitely make an impact for our SMU students who will learn not only invaluable lessons from the speaker’s knowledge and wisdom but also about FTI Consulting as their future choice of a long-term fulfilling career.
Continue reading →