{"id":27229,"date":"2025-09-17T06:21:07","date_gmt":"2025-09-17T06:21:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/27229\/"},"modified":"2025-09-17T06:21:07","modified_gmt":"2025-09-17T06:21:07","slug":"du-val-accountant-nicola-adam-censured-ordered-to-pay-48000","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/27229\/","title":{"rendered":"Du Val accountant Nicola Adam censured, ordered to pay $48,000"},"content":{"rendered":"

NZ Herald<\/p>\n

17 Sep, 2025 03:04 AMQuick Read<\/p>\n

Subscribe to listenAccess to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe now<\/p>\n

\u200c<\/p>\n

Save<\/a>Share this articleCopy LinkEmailFacebookTwitter\/XLinkedInReddit<\/p>\n

Herbert Morton accountant Nicola Adam has been fined and censured.<\/p>\n

Waikato chartered accountant Nicola Adam has been censured and ordered to pay $48,000 in fines and costs over her actions after the collapse of property development group Du Val. <\/p>\n

\n The penalties come after she pleaded guilty to four charges at a New Zealand Institute of Chartered Accountants (NZICA) Disciplinary
\n Tribunal hearing in July.\n <\/p>\n

The $25,000 fine is at the upper end of tribunal penalties. <\/p>\n

Adam, a director of Cambridge firm Herbert Morton, was a tax and compliance accountant for the Du Val group, which was put into receivership and then statutory management in August 2024.<\/p>\n

She acted on instruction from Kenyon Clarke and minority shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"NZ Herald 17 Sep, 2025 03:04 AMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium…\n","protected":false},"author":2,"featured_media":27230,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[27080,11306,13735,9980,74,1558,138,27079,27081,17400,802,170,6630,8987,209,111,139,20484,69,19719,1523,2744,814,61,27078,1524],"class_list":["post-27229","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-27080","tag-accountant","tag-actions","tag-adam","tag-after","tag-been","tag-business","tag-censured","tag-chartered","tag-collapse","tag-costs","tag-development","tag-du","tag-fines","tag-group","tag-new-zealand","tag-newzealand","tag-nicola","tag-nz","tag-ordered","tag-over","tag-pay","tag-property","tag-to","tag-val","tag-waikato"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/27229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=27229"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/27229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/27230"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=27229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=27229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=27229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}