Are market changes affecting your contracts?
Changing economic conditions cause parties to revisit existing contracts. Renegotiation or litigation may be the result. The energy sector is a good example of this principle. Low oil and natural gas prices have resulted in royalty payment disputes. The issues in contention frequently involve whether or not costs have been properly deducted from payments.
If you are reexamining the financial impact of a contract that has been affected by shifting market forces, Asterion’s staff of experienced consultants may be able to assist you.
How good are your internal controls?
When you think of scams, what comes to mind? The grandchild in trouble call to a vulnerable older person or the threatening calls from the IRS that plague even those of us on the do not call list in the run up to April 15? Perhaps you remember the requests to hold and transfer funds for someone overseas that used to come through regularly during the early days of office fax lines. Well, add to that list the CEO Email Scam, which is netting billions of dollars in wire transfers from some of the world’s largest companies.
Would your trusted employees know how to respond to an urgent request to wire funds in secret, if it appeared to come from the right person in the company? If you suspect a fraud has taken place, or want to review your protocols for spotting and averting fraudulent transactions, consider contacting Asterion. Our staff of experienced Certified Fraud Examiners can help you uncover fraud and assist to tighten internal controls.
On the Lighter Side: The Peter Principle is still alive and well in the 21st century.
Apparently, even robots reach their level of incompetency.
| Spotlight on Forensics Asterion has extensive experience in dispute & consulting services, including: Damages Analyses, Intellectual Property, Forensic Bankruptcy, Forensic Investigations and Valuations. |