Australian Past Projects in Forensic Accounting
and Corporate Advisory
Browse our past work below and check our News page for updates.
Our Experience in Forensic Accounting, Insurance and Disputes
See below for our experience in forensic accounting investigations, and as strategic advisers for insurance claims and commercial disputes.
Forensic Accounting and Investigations
Accounting investigation in the advertising industry
Whilst at a Big Four accounting firm our Managing Principal, Hugo Loneragan, led the investigation for several European countries as part of a global investigation into financial statement revenue irregularities for a global media and advertising group. Reporting to the Board audit committee, our investigation and accounting corrections resulted in significant restatements of the accounts and SEC filings in the United States.
Breach of supply agreement in the Australian wholesale grocery industry
Whilst at a Big Four accounting firm our Managing Principal, Hugo Loneragan, led the investigation of an alleged breach of supply agreement between two key market participants, including the quantification of discounts, rebates and allowances contracted, derived and remitted over several years and the authoring of an expert report served in the Supreme Court of NSW.
Insurance Claims & Risk Analysis
New York World Trade Center insurance claim dispute
Whilst at a Big Four accounting firm our Managing Principal, Hugo Loneragan, led the team engaged by lawyers for the owners of the World Trade Center to critique the business interruption financial models and expert reports served by insurers. Hugo and his team applied expertise in business interruption theory and modelling to dissect the assumptions and mechanics of the other experts’ reports and advise our client on quantum, technical strengths and weaknesses and litigation strategy.
Christchurch Earthquake claims for listed property trust
Whilst at Aon Global Risk Consulting, our Managing Principal, Hugo Loneragan, led the team engaged by an Australian listed property trust to prepare and settle its insurance claims for property damage and business interruption losses for several commercial property assets arising from the earthquake events of 2010 and 2011. This engagement required the application of technical provisions of the insurance policy, financial modelling, management of all stakeholders and negotiation and settlement of all claims with insurers.
Dispute Consulting & Corporate Advisory
Expert determination in a private equity business sale
Hugo Loneragan led a team engaged as the independent expert accountant under a Sale and Purchase Agreement, to deliver a binding determination in a dispute over the computation of EBITDA in years subsequent to the sale of a business, to declare the earn-out payment due to the seller.
Purchase price adjustment dispute in the rail service industry
Hugo Loneragan led a team engaged by an ASX50 company to advise on the accounting policies and treatments in the completion accounts of an acquired business, and prepare a claim for a purchase price adjustment in the hundreds of millions in respect of suspected losses on long-term construction projects. The matter was resolved with a significant adjustment to the purchase price for our client as a result of our expert accounting assessment.