Will you see the report?
Best practice by an Investigating Accountant, who is usually an Insolvency Practitioner, would be to provide you with a copy of, at the very least, the factual aspects of the report so that you can verify, correct or challenge the contents.
Usually the IA will provide the bank with a specific recommendation on what to do about your company and you may not get to see that part of the report. We strongly recommend that you forcefully request access to at least the factual parts of the report. The bad news is that some Insolvency Practitioners will not use best practice and may not provide you with any of the report. So you may pay for the report but not get to see it.
We strongly recommend that if the Bank has appointed their own adviser, being the Investigating Accountant, then you need to have your own adviser that will look after your interests. If you are in this situation why not CALL US NOW for CONFIDENTIAL FREE ADVICE.
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