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EP 5: How One Accounting Decision Suspended an ASX200 Company (CTM Case Study)
In this episode of AccountDads, Ash, Hubert and Kevin unpack one of Australia’s biggest recent accounting controversies.
Corporate Travel Management (ASX: CTD) went from ASX200 success story to trading suspension after auditors uncovered significant revenue recognition issues linked to UK contracts and customer refunds.
What actually happened?
Was it fraud, poor controls, or accounting judgement gone wrong?
We break down:
• The history and growth of Corporate Travel Management
• What auditors uncovered and why financial statements were delayed
• Revenue recognition under AASB 15 explained simply
• Why refunds and agency models can become accounting landmines
• Leadership and governance fallout
• What finance teams, CFOs and business owners should learn from this case
View all episodes
By Ash, Hubert & Kevin PodIn this episode of AccountDads, Ash, Hubert and Kevin unpack one of Australia’s biggest recent accounting controversies.
Corporate Travel Management (ASX: CTD) went from ASX200 success story to trading suspension after auditors uncovered significant revenue recognition issues linked to UK contracts and customer refunds.
What actually happened?
Was it fraud, poor controls, or accounting judgement gone wrong?
We break down:
• The history and growth of Corporate Travel Management
• What auditors uncovered and why financial statements were delayed
• Revenue recognition under AASB 15 explained simply
• Why refunds and agency models can become accounting landmines
• Leadership and governance fallout
• What finance teams, CFOs and business owners should learn from this case