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A few months ago the Royal Canadian Mint were chasing around $15million worth of gold – was it a simple accounting mistake or theft?
Before contacting the police, the Mint tried to reslove the situation and conduct the investigation themselves.
What transpired was quite bizzarre – apparently a simple case of processing errors and gold dissappearing on the books
Their “Accounting problems” were refering to errors made in the formulas that were being used to measure how much gold enters the Mint, the varying levels of purity, and how much gold goes out after being refined.
Canadian Government experts and officials found that there was also some gold lost during the refining process
What measures do you have in place in your Fremantle business to determine if there are any errors in your bookkeeping and accounting procedures, or whether you are actually losing money through theft?
2nd Quarter: 28/02/12
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