PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val.

This first receiver's report says one area of concern is related-party transactions.

BusinessDesk reporter Maria Slade says PwC has identified a $15 million intellectual property transaction between a trust belonging to founders Kenyon and Charlotte Clarke - and another entity.

"It was a loan, and apparently there's no accounting records or anything to show where the funds came from. The loan is now $5 million - where did that other $10 million go and what was it for? Nobody knows."

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PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val.
This first receiver's report says one area of concern is related-party transactions.
BusinessDesk reporter Maria Slade says PwC has identified a $15 million intellectual property transaction between a trust belonging to founders Kenyon and Charlotte Clarke - and another entity.
"It was a loan, and apparently there's no accounting records or anything to show where the funds came from. The loan is now $5 million - where did that other $10 million go and what was it for? Nobody knows."
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Maria Slade: BusinessDesk reporter on the release of the receiver's report into Du Val group

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c778a080-7fae-4a83-afe6-b1e2006a772f/transcript

US President-elect Donald Trump has appointed veteran political advisor Susie Wiles as chief of staff for his return to the White House.

The 67-year-old becomes the first woman appointed to the role, having been playing an active role behind the scenes in Republican politics.

Wiles entered Trump's orbit in 2016 when she ran his campaign operations in Florida, who then used her to help Ron DeSantis and Rick Scott in their campaigns.

US correspondent Dan Mitchinson joined Heather du Plessis-Allan.

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US President-elect Donald Trump has appointed veteran political advisor Susie Wiles as chief of staff for his return to the White House.
The 67-year-old becomes the first woman appointed to the role, having been playing an active role behind the scenes in Republican politics.
Wiles entered Trump's orbit in 2016 when she ran his campaign operations in Florida, who then used her to help Ron DeSantis and Rick Scott in their campaigns.
US correspondent Dan Mitchinson joined Heather du Plessis-Allan.
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Dan Mitchinson: US correspondent on Donald Trump's new chief of staff

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/151a2018-9d1a-4491-a352-b2220041ccbf/transcript

The All Blacks are getting ready for their biggest test of their end-of-year tour against Ireland.

The All Blacks will be without Beauden Barrett and Codie Taylor in Dublin, in a rematch of last year’s quarterfinal.

Meanwhile, Formula 1 drivers have hit out at FIA president Mohammed Ben Sulayem over controversies about swearing in press conferences.

Ben Sulaymen has come under fire for calling drivers ‘rappers’ after Max Verstappen was fined for swearing in Singapore to describe his car.

Weekend Sport host Jason Pine joined Heather du Plessis-Allan.

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<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The All Blacks are getting ready for their biggest test of their end-of-year tour against Ireland.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The All Blacks will be without Beauden Barrett and Codie Taylor in Dublin, in a rematch of last year’s quarterfinal.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Meanwhile, Formula 1 drivers have hit out at FIA president Mohammed Ben Sulayem over controversies about swearing in press conferences.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Ben Sulaymen has come under fire for calling drivers ‘rappers’ after Max Verstappen was fined for swearing in Singapore to describe his car.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Weekend Sport host Jason Pine joined Heather du Plessis-Allan.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Jason Pine: Weekend Sport host previews All Blacks vs Ireland in Dublin

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e87ad424-f43b-42c9-a2e5-b222003f47c3/transcript

NCEA exams have been running for one week and already there have been complaints over being too hard.

Teachers at Auckland’s Diocesan School for Girls have written to NZQA complaining about the Level 2 maths and biology papers.

Its head of maths says the writer of the algebra paper was trying to be creative and was a ‘little too far removed from the classroom’.

Diocesan principal Heather McCrae joined Heather du Plessis-Allan. 

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<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">NCEA exams have been running for one week and already there have been complaints over being too hard.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Teachers at Auckland’s Diocesan School for Girls have written to NZQA complaining about the Level 2 maths and biology papers.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Its head of maths says the writer of the algebra paper was trying to be creative and was a ‘little too far removed from the classroom’.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Diocesan principal Heather McCrae joined Heather du Plessis-Allan. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Heather McCrae: Diocesan School for Girls principal on complaints over NCEA Level 2 maths and biology exams

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2063d322-00dd-4ec1-8896-b222003c9254/transcript

Maria Slade: BusinessDesk reporter on the release of the receiver's report into Du Val group

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