Latest news with #auditor
Yahoo
12 hours ago
- Business
- Yahoo
Resolutions of the Annual General Meeting of Shareholders from 20 June 2025
The annual general meeting of shareholders of AS Trigon Property Development (registry code: 10106774; hereinafter the 'Company') was held on 20 June 2025 in Tallinn, Pärnu mnt 18. The annual general meeting started at 10:00. 2,570,164 votes represented by the shares of the Company, i.e. 57,127% of all the votes represented by the shares of the Company, participated at the meeting. Therefore, the annual general meeting was competent to pass resolutions regarding the items on the agenda. Resolutions of the annual general meeting: 1. Approval of the annual report of the Company for the financial year 2024 To approve the annual report of the Company for the financial year 2024, in accordance with which the balance sheet value of the Company as at 31 December 2024 was 1,873,680 euros and the net profit for the financial year was 167,409 euros. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 2. Allocation of the net profit for the financial year 2024 To approve the net profit allocation proposal made by the Management Board and to carry the net profit for 2024 in the amount of 167,409 euros to accumulated profit. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 3. Appointment of the auditor for the financial year 2025 and determining the remuneration policy for the auditor To appoint AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of the Company for the financial year 2025. The auditing services will be paid for in accordance with the contract to be drawn up with the auditor. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 4. Remuneration of the Supervisory Board member To pay the Supervisory Board member Aivar Kempi an one-off payment in the amount of EUR 2,400 and starting from 21.06.2025 a monthly fee of EUR 200. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. The minutes of the general meeting of shareholders are available on Company's web-page, at TomingasMember of the Management Board+372 66 79 200info@
Yahoo
3 days ago
- Business
- Yahoo
Decisions of the Annual General Meeting of AS Pro Kapital Grupp shareholders
The annual shareholders meeting (hereinafter referred to as the Meeting) of AS Pro Kapital Grupp (hereinafter referred to as the Company) took place on Tuesday, 17th of June, 2025 starting at 10:32 at the premises of the Company at Sõjakooli 11 in Tallinn, Estonia. As per the registration list of the meeting 4 shareholders were represented at the meeting, who represented in total 36 441 493 votes, which form 64,28% of all votes attached to the shares. The agenda and decisions adopted at the Meeting were as follows: 1. Election of the Chairman and Secretary of the annual general meeting of shareholders Decision adopted was as follows: To elect Ilona Nurmela as the Chairman of the annual general meeting of the shareholders. To elect Helena Purga as the Secretary of the meeting. 100% of the votes were in favour of the decision. 2. Approval of the audited annual report of the Company for the financial year of 2024 Decision adopted was as follows: To approve the annual report of the Company for the financial year 2024. 100% of the votes were in favour of the decision. 3. Resolution of covering the loss Decision adopted was as follows: To cover the net loss for the financial year which ended 31 December 2024 in the amount of 3 875 000 Euros with retained earnings of previous periods. 100% of the votes were in favour of the decisions. 4. Election of the auditor Decision adopted was as follows: To elect Ernst & Young Baltic AS (registry code 10877299) as the auditor of the Company for the financial year of 2025-2027 and leave the decision on the amount of the auditor's remuneration to the Company's Management Board. 100% of the votes were in favour of the decision. The minutes of the meeting will be published on the website of AS Pro Kapital Grupp no later than 18.06.2025. Edoardo Axel Preatoni Member of the Management Board Tel +372 6144 920 Email: prokapital@
Daily Mail
6 days ago
- Daily Mail
NDIS auditor's shocking past as a convicted fraudster is exposed
An auditor who inspects NDIS providers on behalf of the disability watchdog has been exposed as a convicted fraudster. Lisa Scully narrowly avoided jail time for her offences when she was convicted in 2016. Since then she has been working as a 'lead auditor' of NDIS companies, for a certification body approved by the NDIS Quality and Safeguards Commission. Daily Mail Australia does not suggest Ms Scully has engaged in any wrongdoing in that time. Prior to her appointment, Ms Scully was caught fraudulently approving invoices while working as a manager at Newcastle City Council, north of Sydney. She was also caught accepting gifts including a coffee machine and an oven from a software company which was given a contract with the council. Ms Scully pleaded guilty to being an agent giving false document to a principal, being an agent corruptly receiving benefit and dishonestly obtaining financial advantage by deception. At the time of her offences, it was reported Ms Scully was in charge of overhauling the council's garbage system and was responsible for 140 staff. A Newcastle Local Court heard Ms Scully allegedly accepted kickbacks after she fraudulently awarded a software company a tender for a new GPS tracking system for garbage trucks, according to The Daily Telegraph. The court also heard that the software company had offered Ms Scully 'anything she wanted' and that she approved $36,000 worth of fake invoices. The fake invoices were from the software company and were used so that Ms Scully could buy kitchen goods and electronic devices for herself. Ms Scully was sentenced to a 20-month intensive correction order - a type of imprisonment sentence that is served in the community rather than in jail. In January 2019, Ms Scully re-entered the workforce as a community, corporate support consultant at We Care overseeing NDIS audits, according to her LinkedIn page. She describes herself as a 'lead auditor in NDIS, ISO and Australian Services Excellence Standards Compliance'. Ms Scully's current role is as a 'Lead Auditor' at Global Compliance Certification. The company, which is approved by the NDIS Commission, handles audits of various companies to certify they comply with the NDIS Practice Standards. Managing Director at Global Compliance Certification Mousa Sharifi described Ms Scully as an 'amazing' auditor. Mr Sharifi said Ms Scully was forthcoming with her prior convictions, had passed a police and working with children's check and was also recommended by three referees. 'We did our due diligence, and in the capacity of an NDIS auditor they have nothing to do with financials,' Mr Sharifi told the Daily Telegraph. Mr Sharifi added it was not the company's job to punish people for things that they had done, as that was a responsibility reserved for the justice system. Ms Scully is also the director of Allegro Associates, which is a company that audits and pre-audits for the NDIS Commission. 'My work focuses on audit readiness (NDIS, ISO, Australian Service Excellence Standards), policy and governance systems, organisational reviews, and strategic project delivery,' Ms Scully wrote on LinkedIn. 'With over 800 audit days completed and a background spanning executive leadership, quality systems, and service development, I bring practical, results-driven support to providers navigating compliance, growth, or service transformation.' The NDIS Commission does not directly employ auditors. Instead, an auditor is hired through independently certified auditing bodies.
CTV News
07-06-2025
- Business
- CTV News
Accountant hired by Ramal to confirm accuracy of campaign finances fined by CPA Ontario
The Khalil Ramal election spending scandal reveals his auditor was not licenced and has faced discipline for involvement. CTV London's Daryl Newcombe reports. Salah Hassan's failure to cooperate with an investigation by Chartered Professional Accountants (CPAs) of Ontario has resulted in fines and penalties totaling $13,500 from the profession's disciplinary committee. Hassan provided a written auditor's report confirming the 2022 campaign finances of former mayoral candidate Khalil Ramal. Every candidate who receives contributions or incurs expenses in excess of $10,000 must attach an auditor's report to their financial filing. In August 2023, an anonymous complaint to CPA Ontario, a professional regulatory body, alleged Hassan's work confirming the accuracy of Ramal's campaign finances 'did not meet the standards of the profession'. It cited a story from August 2, 2023 that appeared on CTV News about a meeting of London's Compliance Audit Committee. The news story referred to the unsigned auditor's report included in the campaign's financial filing. The unsigned document read: 'Hi, I am Salah Hassan a Chartered Professional Accountant Licensed by Professional Accountants of Canada, license number 2086643. According to the information provided by Mr. Khalil Ramal, the Mayoral candidate for the City of London, Ontario, for the year 2022 election, after examining the bank statement, donation expenses and Form 4, it appears to me that all the information are correctly entered in the Financial Statement - Auditor's Report candidate - Form 4n. Best regards, Salah Hassan, CPA." 060625 - Ramal Audit Report included by Khalil Ramal with his 2022 campaign finances. (City of London) In September 2024, a ruling by the CPA Discipline Committee determined Hassan committed professional misconduct by not responding to multiple emails and telephone messages from its investigator. 'The nature of the misconduct, being the Member's complete failure to respond to the inquiries of Standards Enforcement, raised concerns about public confidence in the profession's ability to govern its own members,' the ruling reads. He was fined $5,000 for failing to cooperate with a regulatory process plus he was required to pay $8,500 in fees for the hearing. Eventually Hassan contacted CPA Ontario and blamed his failure to respond on health issues, an ill spouse, travel, and a misinterpretation: 'I was in the hospital with my wife and I was so busy with her during the month of September and October and I travelled to Egypt on November 1 for emergency family issues and I returned back on December 26, 2023. I did not have my Canada phone number with me. Please note that I did not violate any rules or regulations in my life or caused any harm to any human being or animals on earth.' The ruling by CPA Ontario states Hassan '… blamed CPA Ontario for the harm to his reputation, reflected a completed absence of insight or remorse.' Subsequently, a Compliance Audit of Ramal's campaign finances by William Molson CPA in April found a number of apparent violations of the Municipal Elections Act including not filing the names/addresses of donors who gave over $100, exceeding the candidate contribution limit ($25,000) by $11,916.27, and using an unlicensed accountant to confirm the accuracy of the document submitted to the city clerk. Molson wrote, 'Hassan did not hold a license at March 31, 2022 or March 31, 2023.' The findings of the Compliance Audit are being forwarded to a prosecutor for possible legal action against Ramal. Hassan's LinkedIn page lists his most recent position as Director of Finance for a business called EK Tech Software Solution. A company by that same name is based in Houston, Texas. However, there is a similarly named company called EK Tech Solutions on Waterloo Street in London. When CTV News called the telephone number included on EK Tech Solutions' website— Khalil Ramal answered. After being asked why Hassan described himself as Director of Finance for the company Ramal replied, 'Yes he did, he did it for a while, for three (or) four months. He did what he did, but he didn't finish. I'm not sure what he did do, but he didn't complete the work for us back then.' A week prior, Ramal was asked by the Compliance Audit Committee what steps he took to verify Hassan was a licensed CPA. At the time he responded, 'The person who I went to was the auditor of a company called Global Financial. I met him there. I know him from there. He has, you know, was an auditor. And also I went to him after that three or four times to audit a few companies.' CPA Ontario confirms Hassan is currently an 'active member', but would not disclose the status of the original investigation about whether his work for Ramal's campaign met the standards of the profession. Unable to find a phone number or email address for Hassan, CTV News accepted Ramal's offer to try to provide Hassan with a reporter's contact information. There has yet to be a response from Hassan.
CBC
22-05-2025
- Business
- CBC
Metro Vancouver councillors call for better oversight after alleged misspending and fraud
A Surrey, B.C., councillor is calling for more oversight of city finances in light of allegations that a finance clerk defrauded the city of more than $2.5 million. Coun. Linda Annis said she wants the city to hire an independent auditor general. "It's very critical," Annis said. "The expertise that comes with an auditor general will go a long way to ensuring our taxpayers can have confidence in how city hall is managing and protecting their tax dollars." Annis first put forward the idea of an auditor general in 2021 and is revisiting it in light of a police investigation into allegations that a former City of Surrey finance clerk defrauded the city of more than $2.5 million by cutting hundreds of cheques to accounts associated with herself and her boutique cake baking business. According to a search warrant obtained by CBC News, the woman — who the CBC is not naming as she has not been charged — quit her job in the finance department in January 2024 after she was questioned about what appeared to be a forged signature on some paperwork. That irregularity allegedly led to the discovery of 183 fraudulent cheques written out to the woman's former legal name, her mother and her side business — drawing on funds kept in accounts that had been dormant for years. A warrant issued in March to search the woman's work computer claims Kam Grewal, the City of Surrey's chief financial officer, told police the woman "had been committing fraud since 2017, by exploiting her position and had defrauded the city of more than $2 million." Annis said cities that have an auditor general, like Vancouver and Toronto, "generally do find significant savings and waste through the processes." "I want to make sure we have the best policies and procedures in place now and going forward," Annis said. Coun. Pardeep Kooner, who chairs the audit committee, dismissed Annis's call for an independent auditor general, saying Surrey already has its finances scrutinized by an internal audit and compliance manager. "I'm not sure why we would spend close to $300,000 when we have two positions — one filled, one open — for internal audit," Kooner said. Metro Vancouver area councillors call for more provincial oversight Other city councillors in the Metro Vancouver area say they want the province to boost oversight of municipal spending following revelations of a police investigation into alleged misuse of a city hall gift card program in Richmond, B.C. Richmond's Kash Heed, New Westminster's Daniel Fontaine and Paul Minhas, and Burnaby's Richard Lee co-signed an open letter to Premier David Eby urging the province to either reinstate an office to oversee municipal spending or expand the mandate of B.C.'s auditor general to include municipal and regional government expenditures. B.C.'s Office of the Auditor General for Local Government stopped operations in 2021. Municipal Affairs Minister Ravi Kahlon said the province has no plans to revive the office. "At this point we're not bringing in additional measures," he said. Kahlon said that in the cases of Surrey and Richmond "the system is what caught the issue and brought it to light." Heed disputes that, saying Richmond's gift card controversy only came to light after reporting by Global News. "The minister might want to check his facts," Heed said. The City of Richmond said it purchased approximately $446,000 worth of gift cards from 2022 to 2024 as part of an employee recognition program, but found in a recent review that around $295,000 of them were unaccounted for. Richmond RCMP's serious crimes section is investigating. "We would be investing multimillion dollars to set up a system — that would cost a lot of money to the province — in the case of Richmond, to identify where $300,000 went," Kahlon said. Heed says it's much larger than $300,000, pointing to cost overruns at the Metro Vancouver waste water treatment plant, with a price tag that has ballooned to $4 billion. "This is the taxpayers' money," Heed said. "They want some confidence it's being handled with some accountability." Kahlon said "we know there's oversight needed," which is why the province requires local governments to make public their audited financials every year. Michael Favere-Marchesi, an associate professor of accounting and auditing at Simon Fraser University's Beedie School of Business, said a provincial auditor general for local governments must be notified of any financial irregularities, which is why a robust internal audit system is preferable. "My preference is always to have a city auditor because they get very familiar with all of the operations of the city," he said. Favere-Marchesi said a provincial auditor, by contrast, is brought in on a case-by-case basis and lacks the expertise about each municipality.
