Darren Thamm

Audit and Assurance, Forensic Accounting, Business Valuation and Litigation Support

"My diverse professional and commercial background is of real benefit in providing assistance, and more importantly, solutions to clients."

Darren is a valued member of both the audit and assurance and forensic accounting teams.  With over 15 years of experience in the field of accounting within commerce and public accounting across a wide number of industry sectors, Darren can quickly understand the processes in any business.  He has worked in senior commercial roles in businesses through difficult economic conditions and has real-world experience in implementing financial and operational processes that work.  His experience has included roles as Financial Controller, Company Secretary and Commercial Manager with medium sized companies in mining, engineering and professional services.

Darren has worked in the audit and assurance service area for over fifteen years servicing a wide range of clients including large proprietary companies, unlisted and listed public companies, indigenous organisations, schools and universities, local authorities, superannuation entities, government funded entities and the not-for-profit community organisations.

Darren has also presented educational training courses in the fields of accounting and audit for universities and the professional accountancy bodies.  This has given him the ability to communicate complex matters in simple language tailored to the relevant audience.

Experience

  • Listed tourism and hospitality group of companies
    Audit of ASX listed group of companies in the tourism and hospitality industry sector.  Key audit risk areas included assessment of asset valuations after significant market downturn, revenue recognition, impairment of receivables and going concern issues.  Responsibilities included technical presentations to the Board on appropriate accounting methods for valuation, liaison with the Board on going concern issues and the appropriate financial reporting disclosures.
  • Marine logistics company
    Audit of marine logistics company, including liaison with directors during the preparation of the business for sale.  Audit risk areas included consideration of asset impairment, going concern, foreign currency transactions and revenue recognition.  Responsibilities included liaising with the Board on all audit matters including the presentation of the audit findings to the Audit Committee.
  • Listed mining exploration company
    Acted as Company Secretary for public company for seven years, including assisting with the Initial Public Offering and listing on the Australian Stock Exchange.  Responsibilities included liaising with the Board and the Regulators on all corporate governance matters including the preparation and lodgement of financial reports.
  • Not for Profit community organisation
    Audit of indigenous corporation with diverse income streams including building and construction, training and employment readiness, commercial enterprises, housing and grant funding.  Audit risk areas included going concern, revenue recognition, inappropriate use of grant monies and collectability of receivables.  Responsibilities included liaising with the Board on all audit matters and resolution of technical accounting issues with senior management.
  • Construction and Engineering group of companies
    Audit of group of companies operating in the construction and engineering sector with turnover of $500M.  Key audit risks included revenue recognition, collectability of receivables and valuation of work-in-progress.  Responsibilities included management of diverse team of staff in separate locations and completion of audit within tight timeframes.

Industries

  • Local government
  • Health
  • Indigenous
  • Not for Profit
  • Mining and Construction
  • Tourism and leisure
  • Agriculture
  • Professional services

Services

  • External audit
  • Forensic services
  • Litigation support
  • Internal audit
  • Risk management
  • Fraud investigations
  • Corporate governance review
  • Business valuation services
  • Economic loss determination services
  • Insurance claim and loss determination services

Qualifications and memberships

  • Fellow, Chartered Accountants Australia and New Zealand
  • Registered Company Auditor
  • Member, Institute of Internal Auditors Australia
  • Bachelor of Commerce, James Cook University