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DARREN THAMM

Partner

dthamm@jessupsnq.com.au

0409 428 018

Darren joins Jessups as a valued member of the audit and assurance team.  With over 18 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.

Mr Thamm 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.

Qualifications and memberships

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

Services

  • External audit
  • Forensic services
  • Internal audit
  • Risk management
  • Fraud investigations
  • Corporate governance review

Industry experience

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

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.