• Comparable company analysis: Importance of comparability

    Comparable company analysis:  Importance of comparability Abstract In undertaking a valuation of a business it is common to reference other companies which are comparable. Comparable companies can be used as a valuation cross check and / or assist in developing the discount rate. The identification and selection of comparable companies is based on professional judgement […]

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  • Shareholder class actions Residual Income Method

    Shareholder class actions Residual Income Method Abstract In 2016, the Supreme Court of New South Wales held that shareholders in HIH were able to prove causation by establishing that the price of shares they acquired was inflated by the misleading statements of the company. In this article, Axiom outline a valuation methodology (the Residual Income […]

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  • Assessing compensation: Class action claims due to financial advisor negligence

    Assessing compensation: Class action claims due to financial advisor negligence Abstract In a previous article, Axiom outlined a number of alternate approaches that have been used in assessing compensation for negligent financial advice where the objective of the compensation is to restore the investor to the position they would have been in had the advice […]

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  • Assessing compensation: Financial planning losses

    Assessing compensation: Financial planning losses Abstract Axiom has been engaged to assess claims for compensation as a result of losses arising from negligent financial advice or inappropriate lending activities. The claims are brought by a class or an individual, against financial institutions or advisors. The events leading up to the loss are often very similar. […]

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  • Mining Valuations

    Mining valuations: Future commodity prices; the great unknown Abstract Commodity prices are a central element to any mining valuation and, due to their variability, are a source of uncertainty. Whilst a valuer has a number of alternatives from which to select when seeking future commodity prices, the common theme across each of these alternatives is […]

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  • Loss calculations and Tax

    Loss calculations: Grossing up damages for tax Abstract In this article Axiom looks at a taxation consideration that may arise in undertaking an assessment of damages. In circumstances where an award of damages forms part of the assessable income of the successful plaintiff, it may be appropriate to gross-up the award for damages by the […]

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  • Discounting valuation methods: Residual income valuation method is as robust as traditional DCF method

    In this article Axiom compares and contrasts the two discounting valuation approaches – the residual income valuation (RIV) model and the traditional discounted cash flow (DCF) model. The article illustrates that when valuing a business, in certain circumstances the RIV model is a more robust and appropriate model than the DCF method. Discounting valuation methods: […]

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  • Anti-competitive behaviour: Assessing damages using residual income

    In February 2015 the Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims released the ACCC’s Compliance and Enforcement Policy, which outlines the organisation’s current priorities. The policy provides that there are “some forms of conduct that are so detrimental to consumer welfare and the competitive process that the ACCC will always regard them as a priority”.

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  • A Day in the Life of an Intern at Axiom

    The two interns at Axiom are students from Axiom’s sponsored university programs; the UTS Bachelor of Accounting Program and the UNSW Co-Op Scholarship. The continued support of these programs is reflective of Axiom’s commitment to fostering the growth and development of future business leaders and its dedication to ‘uncovering the future’ through forensic accounting.

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  • A Day in the Life of a Forensic Accountant

    Forensic accounting and the work of a forensic accountant is project-based and therefore varied in nature.

    That said, to give prospective employees an idea of the type of work that we do and the ‘typical day’ for someone working in forensic accounting, we have asked staff with various levels of experience to describe what they do and to outline their role at Axiom Forensics.

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  • Financial models: Design with third-party empathy

    Creating a financial model is a fundamental skill of a forensic accountant and expert witness, yet a common problem with financial models is that they are not created with the end user in mind.

    At Axiom we recognise that the financial models we create are often prepared in the context of litigation, meaning that they are likely to be reviewed by other forensic accountants, lawyers and potentially a judge. Download

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