Posted by & filed under Auditing, Corporate Strategy.

Description: The Quidi Vidi Brewery is a good news/bad news story. After years of struggling, including a 1999 warning from their accountant about imminent bankruptcy, this Newfoundland craft brewery has seen a turnaround in more recent years, thanks in part to its Iceberg brand in its distinctive blue bottle. But the two founding investors are at odds with each other, and are fighting out the future of the company in court.

Date: March 24, 2017

Source: globeandmail.com

Link: http://www.theglobeandmail.com/news/national/newfoundland-craft-brewery-partnership-falls-flat-over-legal-desputes/article34424589/

Discussion Points:

1) Are you a fan of the craft brew industry?

2)  What might have been some of the things the owners could have done to avoid this very public dispute?

3)  What techniques might the auditors have used to discover those unrecorded sales from 2008?

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