| From: |
SP52948 owner |
| To: |
Mario Raciti Bamfiled & Co Accountants & Auditors |
| Subject: |
INQUIRY: Bamfield Audit Report for Strata Plan 52948 on 10 October 2013 |
| Date: |
13/11/13, 10:42 am |
Hello,
I am taking the liberty to contact you directly and I apologize if
you are not the right audience. This is a confidential inquiry.
You certainly do not know it, but I am the one who raised many
questions and uncovered serious financial and management issues in
Strata Plan 52948 (going on for 13 years). How serious it is: I
received anonymous death threat in the past, I received anonymous
letterbox warning, my wife was bullied by a deranged EC member in
the garage when I was on business...
Here is where you can help.
At AGM 2013 on 23 October, I documented number of errors in
financial summary that was given to owners (based on your
audit).
The Executive Committee and the Strata Manager squarely passed all
blame to the auditors (yourself) because Bamfield "approved the
accounts and that meant we not being an accountant) could not be
wrong". Instead of reviewing the invoices, they simply stated that
Bamfield was fully responsible for the audit.
I am sure you want to keep your reputation intact, so that is why I
am contacting you.
I enclose herewith examples of obvious errors in accounting (even
without going into deep details).
a) What is your position in regards to these (and any other
errors)? I know that your statement clearly says that the Managing
Agents are responsible for the preparation and fair presentation of
the financial report.
Knowing that it was not "fair" in many areas, do you intend to
investigate it further, or let owners believe that any errors are
of your doing?
Be aware that Raine & Horne Strata Sydney has been providing
false financial summaries for many years (including illegal
payments without Special By-Laws or approvals by owners
corporation, and some even in non-compliance with the Strata
Schemes Management Act 1996 and Strata Schemes Management
Regulation 2010).
b) How bad it can be: they even removed evidence of corrected
six-monthly statement for FY2013 from the web site (the one that
had amended details for the legal costs in March 2013).
Due to serious questions at AGM 2013, Raine & Horne Strata
Sydney removed the evidence but I have both copies anyway...
In its own right, that is a clear criminal activity, and in
non-compliance with the Property, Stock and Business Agents Act
2002.
I openly asked the EC members and the Strata Manager Mr. Peter Bone
about te "missing" document on 6 November 2013 and they responded
with "silence".
At this stage, I am moving very slowly through Department of Fair
Trading and CTTT. It is so poor action by the government bodies
that I lost three cases without proper reviews by the CTTT (they so
far primarily complained about voluminous evidence that they had no
time to read). But that is not an obstacle: truth always
surfaces.
c) If you were in position of an ordinary owner in the complex, how
much would you trust the audits when they have so easily-detectable
errors in the future?
d) Raine & Horne Strata Sydney did not do you a favor and as
far as I am concerned, your image is tarnished unless some action
on your side does not follow to correct the wrongs...
Note that owners in the complex have absolutely no information
about what is really going on, not only with lifts but many other
issues.
After all, once a reputation of a company is damaged, it is not
easy to recover from it. I am sure you do not want it.
My goal is simple: to protect my and others owner's investment in
property, ensure timely repairs and upgrades at reasonable costs,
ensure proper competition and transparency in management of the
complex, and compliance with the law (including OH&S).
If you wish to speak to me, or get more details, be free to do
so.
I am not hiding behind anyone.
Regards,