Special Accounting

We were engaged by a legal representative of a high-net-worth individual involved in a dispute with her bank regarding significant losses in her stock and share portfolio.

Our role was to evaluate the portfolio’s risk level in relation to the client’s risk profile over the holding period. Additionally, we conducted a detailed analysis to determine if the bank’s portfolio management and advisory services were aligned with the client’s best interests and professional standards.

We were engaged by the legal team from Salem Ibrahim LLC to assist a client accused by her mother of misappropriating funds belonging to her late father.

Our role involved tracing and analyzing the movement of funds across multiple accounts over a six-year period. Our findings confirmed that no mismanagement had occurred. Based on our report, the dispute was successfully resolved without proceeding to court.

In 1994, a club faced significant challenges transitioning from a manual to the computerized accounting system that was designed to manage member subscriptions, F&B expenses, and billing.

Errors appeared in the system with the cost of approximately RM 1 million during the concurrent use of manual and digital processes, leading to discrepancies such as incorrect charges in members' receivable accounts.

Our team of eight people was engaged to investigate and resolve these issues through a comprehensive reconciliation of records for ensuring accurate billing and restoring trust in the system. We also worked closely with the software developers to correct system flaws, ultimately enhancing the club's accounting operations.