Date posted: 28/11/2018 2 min read

First Forensic Accounting Specialists to be accredited

CA ANZ’s new Forensic Accounting Specialisation program launched earlier this year. Those who studied the program will soon be accredited as Forensic Accounting Specialists.

As we celebrate the achievements of our soon-to-be accredited Forensic Accounting Specialists, I’d like to thank those people who made the program possible. Wynand Mullins and Christine Oliver from Ferrier Hodgson were instrumental in compiling the course materials. The interview panel for portfolio assessments comprised Matthew Ashby (Ferrier Hodgson), Andrew Ross (KordaMentha), Paul Vincent (Vincents), Owain Stone (KordaMentha) and Bruce Wilkinson (Munday Wilkinson), whose assistance was also invaluable.

Each of these people is a highly regarded expert in his or her field and, as such, they’re extremely busy. We greatly appreciate their contributions to the specialisation course – both the time and effort they have given, and the quality and integrity they have brought to the process.

As 2018 draws to a close it’s useful to reflect on the year that was. Notably, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is nearing its conclusion. The Commissioner, the Honourable Kenneth Madison Hayne AC QC will submit his final report to the Governor-General by 1 February. Perhaps more than any other event during 2018, the Royal Commission has highlighted the importance of the broad framework of governance that forensic (and all) accountants operate within. We wait with interest for Commissioner Hayne’s final report.  

Royal commission

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

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Also of significance this year was the Australian Law Reform Commission (ALRC) review. In May Justice Derrington, President of the ALRC and Justice of the Federal Court, released the ALRC Discussion Paper 85. This paper was broad ranging, covering contingency fees, continuous disclosure, funder regulation, and civil justice reform. Many of these issues also affect the framework in which we work as forensic accountants. 

ALRCs final report

The ALRC’s final report is due to be handed down on or before 21 December, and you can read more in this report by Pip Murphy, Managing Director, Vannin Capital.

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Finally, I’d like to take this opportunity to thank the CA ANZ Forensic Accounting Committee members for their tireless work throughout the year. The BVFA Conference and the FA Specialisation have certainly kept us on our toes! Your Committee will be back with more events in 2019, as this is just one way we can support those now accredited as CA ANZ Forensic Accounting Specialists. (As a Forensic Accounting Specialist, at least 40% of your CPD requirement must be undertaken in forensic accounting.)

I look forward to working with you again in 2019 and, until then, I wish you a safe and happy holiday season.

Dawna Wright CA

Chair, Chartered Accountants ANZ Forensic Accounting Committee

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