EXPERT DISCOVERY participated in a roundtable discussion “MANAGEMENT OF GROWTH, FINANCES, AND INVESTMENTS IN MEDIUM-SIZED AND SMALL BUSINESSES” organized by MOSCOW CHAMBER OF COMMERCE & INDUSTRY 19.09.2017

EXPERT DISCOVERY participated in a roundtable discussion “MANAGEMENT OF GROWTH, FINANCES, AND INVESTMENTS IN MEDIUM-SIZED AND SMALL BUSINESSES” organized by MOSCOW CHAMBER OF COMMERCE & INDUSTRY

On September 18, 2017 the Moscow Chamber of Commerce and Industry (MCCI) hosted a roundtable discussion organized by MCCI Consulting Committee on a topic “Management of Growth, Finances and Investments in Medium-sized and Small Businesses”. The participants addressed challenges in the area of finance and investment management that are crucial for the investment attractiveness of small and medium-sized companies.

The chair of the MCCI Consulting Committee Lidia Chukina said: “In Russia, government-owned corporations made a pivot to small business. Since the start of the year they have made purchases amounting to 1,700 billion Rubles and intend to increase this value to 2,000 billion Rubles before the year is out. Operating performance and risk treatment are the core elements in the work of companies contemplating investment reception.”  

The participants also discussed possible implementation of forensic investigation aimed at detection, analysis and resolution of situations where financial, commercial, legal and other disagreements between business partners may bear significant economic risks. Ms. Sofia Ievenko, Managing Partner of the EXPERT DISCOVERY (EXPERT RAZVEDKA), reported on the specifics of forensic investigation that help not only detect corrupt practices but also analyze reliability of investments at the stage of evaluating the investment profitability. The expert recommends conducting forensic due diligence (a procedure that enables to get a fair view of the investment object, including investment risk evaluation, independent appraisal of the investment object, comprehensive analysis of company’s business, and comprehensive examination of company’s financial standing and market position). As an example, the expert presented the investigation of the investments made by a foreign partner in the development of Investtorgbank -  a bank that was recognized as one having reliable financial standing by experts of the established audit company Deloitte that was in collusion with the bank.  

Source: https://mostpp.ru

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