- Forensic accounting
Aston Chace Group was appointed as liquidator of two related companies whose assets were sold prior to appointment. Due to a discrepancy in the sale contracts relating to items sold, Aston Chace Group sought to investigate their accuracy and commercial terms.
Aston Chace Group used a forensic approach to reconcile the asset depreciation schedules of the companies. At the request of the Liquidator, information was received from the ATO, Queensland Government and directors of the companies and independent valuers engaged.
Investigations revealed that the companies did not maintain proper records and assets were unaccounted for in the sale contracts. The Director agreed the liquidator had a claim against these assets, which were subsequently settled.