Du Val accountant Nicola Adam censured, ordered to pay $48,000

Herbert Morton accountant Nicola Adam has been fined and censured. (Image: Supplied)

Wed, 17 Sep 2025

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.The penalties follow her guilty plea to four charges at a New Zealand Institute of Chartered Accountants (NZICA) Disciplinary Tribunal hearing in July.The $25,000 fine is at the upper end of those handed out by the tribunal.Adam, a director of Cambridge firm Herbert Morton, was a tax and compliance accountant for the Du Val group, which was put into receivership an...

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