Date posted: 03/12/2021 3 min read

What’s New in Forensic Accounting: Update from Matthew Ashby CA

Outgoing CA ANZ Forensic Accounting Committee Chair Matthew Ashby CA farewells the committee and shares insights from Fraud Awareness Week.

In brief

  • Matthew Ashby CA bids farewell to the Forensic Accounting Committee
  • Fraud Awareness Week was an opportunity to share insights on fraud prevention
  • Webinars focused on embezzlement, proceeds of crime, insider trading and the value of financial data
This is my final article as Chair of the Forensic Accounting Committee. 

I am pleased to hand over the role of Chair to Christine Oliver CA and the Queensland representative responsibilities to Natasha Milne CA.

Looking back on my time on the committee since 2016, I feel a sense of pride and gratitude. I am proud to have been part of teams that developed and delivered the Forensic Accounting Specialisation, three Forensic Accounting Conferences, numerous Continuing Professional Development seminars and webinars, and quarterly newsletters such as this one. 

I am grateful to have had the opportunity to participate in the committee’s business. It has been a great way to give back to the profession and promote the recognition and advancement of forensic accounting as a specialist field of accounting. I am also grateful for the opportunities it has afforded me to connect and work with a diverse network of practitioners and educators from Australia, New Zealand and beyond.

There are too many people to thank by name in this column. However, I make special mention of the continuing members of the committee including Bill Apps CA , Adam Giliberti CA and Sarah Thorburn CA. I also recognise the ongoing contributions of past Chairs Dawna Wright CA, Owain Stone FCA and Paul Vincent FCA, and the staff at CA ANZ including Jan Jackson. 

I also acknowledge the loyal and committed support of Martin White CA, who has served as the South Australian representative on the committee for well over five years and is handing over that role to Ian Wigg CA.

All the best to Christine and the refreshed committee.

I am grateful to have had the opportunity to participate in the committee’s business. It has been a great way to give back to the profession and promote the recognition and advancement of forensic accounting as a specialist field of accounting.”  

Chartered Accountants shine the spotlight on International Fraud Awareness Week

In November, International Fraud Awareness Week encouraged organisations to proactively take steps to minimise the impact of fraud by promoting anti-fraud awareness and education. CA Forensic Accounting Specialists, other Chartered Accountants, and their firms pitched in.

For example, FTI Consulting shared insights from Australian business leaders on how fraud is impacting their organisations, through its ‘Resilience Barometer’ global survey.

McGrathNicol presented a series of four webinars traversing the topics ‘The psychology of embezzlement’, ‘Emerging financial crime threats’, ‘Tracing and recovering the proceeds of crime’, and ‘Applying standards to control fraud and corruption risks’. ‘The psychology of embezzlement’ event featured Dr David Curnow, forensic psychologist and author of a recent book by the same title; white-collar crime researcher Professor Clinton Free of the University of Sydney; Chris Hill – the insider trading offender featured in The Sure Thing podcast; and McGrathNicol’s Sara Deady CA and Jessica Mead CA.

KPMG broadcast a webinar titled ‘Unlocking the value of financial data in investigations’ featuring CA Forensic Accounting Specialists Luke Howman-Giles CA and Christine Oliver CA together with Dean Mitchell.

The experience forensic accountants gain from dealing with investigations and disputes that flow from fraud provides an enhanced perspective on how to mitigate negative consequences, remediate problems and minimise the risks of fraudulent conduct occurring and escaping detection.

How can you and your organisation contribute to International Fraud Awareness Week in 2022?

You may also be aware that CA ANZ has joined with 2.5m accounting professionals across the globe to commit to zero emissions. As we face a world impacted by the threats of a changing climate, accountants can play an important role in shaping a sustainable economy. In particular we can help devise a single set of globally accepted sustainability reporting standards that parallel financial reporting standards, in addition to setting our own internal emissions targets. 

Please enjoy the December 2021 Forensic Accounting newsletter and I wish you all the best for a happy and healthy 2022.

Please email your feedback and suggestions for future content to: [email protected]

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Shanghai based Yijun Chen CA says the Forensic Accounting Specialisation Program elevates your skills and knowledge well beyond that of normal accountancy.

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Visit the CA Library

The CA Library has a wealth of resources on forensic accounting. Here is our latest pick: “The psychology of embezzlement: the art of control and intervention” by David Curnow, Palgrave Macmillan, 2021. 

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