Audit & Forensic

Liquid Pacific is the first property practice in Asia Pacific to create an audit and forensic department. Following in the traditional financial and environmental mould Liquid is able to provide several audit functions in relation to both internal and external auditing as follows;

• Compliance Audit – Reporting on whether an entity has met with Accounting Standards and applicable regulatory provisions in determining the inclusion, value and disposal of assets both tangible and intangible.
• Valuation Audit – Sample audit of valuation procedures and asset values to determine extent of risk exposure to variations in existing carrying amounts or to extrapolate portfolio value across asset classes.
• Asset Management Audit – Either assisting in the internal audit process or acting as 2nd or 3rd party auditors, Liquid Pacific provides reviews against benchmarked outcomes with reference to ISO and other applicable standards where appropriate.
• Condition and Legislative Audits – An increasing requirement for Government and the private sector to operate facilities in accordance with the Building Code of Australia and other legislative requirements such as the Disability Discrimination Act (DDA) requires authorities to manage risk by safeguarding occupation of built structures through the implementation of building audits.

Liquid Pacific’s forensic property services include advice on:

• title and ownership, 
• probity issues,
• asset loss and insurance fraud,
• arms length transactions,
• cost and depreciation allocation issues,
• civil disputes and criminal activities, and
• misrepresentations and kickback schemes.