Shareholder Disputes
Examining the figures behind competing positions.
The financial context
Questions may concern business value, distributions, transactions or the allocation of financial benefits. The purpose and date of the analysis should be clearly defined, with assumptions distinguished from the underlying records.
Questions that shape the review
What interest and period are relevant?
Distinguish business performance, ownership interests and transactions with connected parties.
What drives the difference in the figures?
Examine valuation assumptions, distributions and the treatment of particular entries.
From information to an explanation
The work should connect the source material to the question being considered. Differences in definitions, periods or assumptions need to be made visible, together with the effect of any missing records.
The resulting explanation should distinguish what is documented, what depends on judgement and what remains uncertain. Its form and level of detail depend on the agreed purpose.
A question of suitability
The practice’s relevant experience, independence and the information available must be confirmed before any engagement. The purpose, scope and reporting requirements are agreed before analysis begins.
Discuss the financial question.
Start with the background, the relevant period and what you need to understand.
Discuss an enquiry