03 Dec Franchised Owners of Telecommunication Reseller (3 outlets)

Capability: Specialised Solutions

Industry: Telecommunication

Engagement: Expert Accountant’s Report

Overview

A dispute arose amongst two shareholders of multiple telecommunication national franchised stores. The resulted in an alleged misappropriation / incorrect allocation of profits between the shareholder over an 8-year period while they were business partners.

Challenges

 The company’s management accounting system was not fully integrated and used multiple third-party resources to account for its sales and expenses. The finances were in full control of another party that was not cooperative until legal proceedings were commenced.

Solution

 Completed a forensic accountants report to determine the profit allocation according to the company’s various source documentation.

 Complex analysis of transactions from various sources to determine the revenue and costs generated by the company over a 7-year period.

How Greengate Advisory can help

Greengate Advisory works with various lawyers and accountants to present information in an easy to understand form for purposes of litigation.