Financial Investigations and accounts checks
Over the last nine years we have helped a range of businesses with financial investigations including;
• A large FTSE hospitality company who required help in sifting through documentation as part of a financial investigation
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• The UK owners of a large European managed hotel were concerned that the monthly P&L results were not an accurate reflection of the hotels actual trading position.
We reviewed the previous three months P&L accounts and discovered that the service charge was being added to restaurant sales, thus inflating revenues
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• A local authority that required help with preparing a catering tender;
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• A FF&E review noted that a General Manager had carpeted their house as well as the hotels banqueting rooms
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• We have investigated a number of instances of missing cash including;
o A night manager who retained cash designated for change orders and as bank reconciliations were only carried out monthly this was undetected for some time
o A drop safe that was too small for the amount of cash dropped was highlighted in audit reports. These comments were not acted upon and cash was taken as the cash envelopes could be fished out of the safe after a busy weekend.
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• Petty cash fraud seems to crop up regularly. We have noted more than one fraud where employees were creating their own invoices and claimed petty cash back
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Sometimes you may require short term help to resolve an issue. We can carry out financial investigations and checks, interrogate accounts and generally provide an additional service to your current employees who may be too busy for a one off project.
