Investigations, including forensic accounting & litigation support
Expert forensic accounting and litigation experience
Investigation identified irregularies missed by Big 4 auditors
Tarrant Green and Company carried out a critical review of internal controls for a public engineering plant & tool hire company. The review paid particular regard to purchases and expenses authorisation following a systematic series of defalcations totalling £150,000 by a head office employee over a period of 18 months. This was not discovered by their auditors, one of the Big 4! During the course of investigation, including investigation procedures at a selected number of branches (out of the 350 total), we discovered a very substantial shortfall on plant inventory totalling in excess of £3.5m. We put together a report recommending the set up of an internal audit department to carry out continuous examinations and monitoring. Our immediate recommendation was for the set-up of a skeleton department with the assistance of a substantial accounting firm (not the auditors), following which, recruitment of internal permanent staff could take place.
Witness for the Serious Fraud Office
Our senior partner, Tarrant Green, appeared as a witness for the SFO in the prosecution of perpetrators of an investment scam.
Case made for consequential loss claim
Tarrant Green and Company provided assistance in the preparation of a case where the clients suffered consequential loss as a result of provision of substandard product by the respondents.
Due diligence completed on acquisition target
At the request of a London solicitor client, Tarrant Green and Company carried out due diligence on a medium sized firm, considered as a potential for takeover.