Insolvency & Forensic Accounting

Code of Conduct and Grievance Management

Code of conduct and grievance management is an inquiry into the circumstances surrounding a complaint regarding the conduct or activities of a member of the client organisation.

The aim of the inquiry is to ascertain the facts and to make recommendations concerning alleged inappropriate activity. This may include disciplinary action, behavioural modification, structural change and/or procedural improvements to mitigate the activity or conduct of concern.

Forensic Audit

Forensic audit is the targeted examination of a program function operation or management system, to collect, analyse and summarise evidence of suspect activities and report it in a manner acceptable for litigation.

Fraud Awareness and Integrity Training

Provision of interactive, in-house tailored seminars and presentations designed to heighten awareness of staff and management to the risk of fraud.

Fraud Risk Assessment and Fraud Control Planning

A Fraud Risk Assessment examines the structures and activities of an organisation with a view to identification of fraud risk events. It then assesses those events in terms of the likelihood of occurrence and the potential consequences.

The Fraud Control Plan is the outcome of the Fraud Risk Assessment process and documents the actions taken to address the risks documented in the Fraud Risk Assessment. In addition, a key element of the Fraud Control Plan is an implementation plan which details action required and assigns responsibilities where the Fraud Risk Assessment has indicated that current controls are insufficient to bring the level of residual risk down to an acceptable level.

Investigation and Investigation Management

Investigation is the collection and assembly of evidence aimed at determining the facts surrounding a set of circumstances of concern to the client. This may include the focused compiling of a brief of evidence in support of possible legal or administrative action.

Investigation management involves the provision of professional advice to the client in the conduct and control of the investigation process. This may include systems and reporting advice in addition to process and procedures.

Litigation Support

Litigation support involves the provision of independent accounting and related technical services to organisations in the process of/or considering engagement in litigation or recovery of loss or damage caused by the other parties.

The products of this service are often used as evidence in court or similar proceedings, and may include the provision of expert testimony.

Monitoring Compliance and Enforcement (MCE)

Government agencies commonly have responsibility for the administration of key pieces of legislation. This legislation may require the regulation of certain activities including the creation of offences and prescription of penalties.

Governments currently require agencies to monitor compliance with legislation and to take enforcement action when necessary.

WalterTurnbull provides services to assist agencies to fulfil their legislative obligations.

Security Risk Management

Security Risk Management involves production of security risk assessment and a security risk management plan.

The security risk assessment examines the structures and activities of an organisation with a view to identification of security risk events. It then assesses those events in terms of the likelihood of occurrence and the potential consequences.

The security management plan is the outcome of the security risk assessment process and documents the actions taken to address the risks documented in the security risk assessment. In addition, a key element of the security management plan is an implementation plan which details action required and assigns responsibilities where the security risk assessment has indicated that current procedures are insufficient to bring the residual risk down to an acceptable level.

Due Diligence

A Due Diligence Assessment is a detailed analysis of an entity's current financial position. Assessment includes the derivation of an opinion upon the realistic implications upon the financial position of the entity of current agreements and obligations.

Invesigative Accountants Reports

An Investigative Accountants report may be prepared upon third parties, ordinarily at the request of a secured lender. Such a report will usually contain information pertaining to current and ongoing solvency, and a detailed cashflow in respect of short term trading. These reports are of assistance to lenders in making financing determinations, particularly where concerns may be held as to a businesses ongoing viability.

Members Voluntary Liquidations

Conduct of the formal deregistration process prescribed by the Corporations Act 2001 in respect of a solvent company on behalf of its members.