Courts of Audit and Oversight Bodies
Courts of Audit, internal-control bodies and other oversight bodies examine how public funds are applied, and can hold managers and contracted companies liable for amounts owed, impose fines, and order restitution.
Context of application
These proceedings rely on audits, technical reports and special accountability reviews. Contracted companies, partner entities and public managers all need to respond with organized documentation and a technical analysis of the amounts raised.
When this analysis is needed
- Special accountability reviews resulting in a finding of amounts owed.
- Findings of price overruns or overbilling in government contracts.
- Rendering of accounts for cooperation agreements, partnerships and grant instruments.
- Leniency agreements and liability proceedings.
- Audits of public works and concessions.
Questions typically analyzed
- Expert examination of accounts rendered.
- Determination of the cost of public works and cost overruns.
- Concessions and government contracts.
- Review of accounting records and entries.
- Determination of amounts and obligations arising from the accounts rendered.
- Review of tax calculations.
How SGEx Approaches This
SGEx compares the oversight body's findings against the documentation of how the contract was actually performed, reviews the methodology used to calculate the amounts owed, and organizes the supporting documentary evidence item by item.
SGEx does not provide legal advice. Its contribution is technical: organizing the economic, financial, accounting and asset-related facts so that lawyers, companies and parties can understand the substantive dimension of the controversy.
Possible Work and Deliverables
The format is defined according to the case, the proceeding and the purpose of the work.
- Expert opinion on amounts found to be owed
- Reconstruction of the accounts rendered
- Review of the price-overrun methodology
- Technical submissions
- Documentary examination report
Other SGEx Solutions
Services, specialties, contexts and industries connected to this topic under SGEx's relationship matrix.
Related Services
- Forensic AccountingReconstruction and examination of accounting records and financial flows for evidentiary purposes, in contexts of suspected wrongdoing, conflict or inquiry.
- Fraud InvestigationTechnical investigation of financial and accounting irregularities, including fund tracing and the documentation of findings.
- Financial and Operational AuditExamination of financial statements, processes and controls, focused on the reliability of information and adherence to defined criteria.
- Economic and Financial Expert AnalysisAnalysis of values, cash flows, economic assumptions and financial models in disputes and decisions that turn on quantification.
- Disputes, Litigation and ControversiesEconomic, financial and accounting expert support in judicial, arbitral, administrative and pre-litigation controversies.
- Criminal Forensic AccountingAccounting and financial examination of facts under investigation in criminal and administrative sanctioning proceedings, for those who accuse and those who defend.
Related Specialties
- Forensic Accounting and AuditAccounting reconstruction, tracing of financial flows, analysis of financial statements, contingencies and fraud investigation.
- Construction, Infrastructure and Public ContractsConstruction claims, project costs, cost overruns, delays, rebalancing and concession agreements.
- Tax MattersLoss of tax immunities and benefits, enforcement and challenge of tax assessments, contingencies and review of calculations.
- Rendering of Accounts and Financial ReconciliationExamination and reconstruction of accounts, reconciliations, and receivables, payables and balances among partners, officers and other parties.
- Administrative ProceedingsAccounting and financial expert evidence in administrative tax, sanctioning, regulatory and oversight proceedings, from the defence to the appeal stage.
Related Areas of Practice
- Corporate and Shareholder DisputesDisputes among shareholders, partners and officers, corporate dissolutions, buyout claims and disagreements over financial results.
- Civil and Contract DisputesNonperformance, termination, contract revision and civil liability claims in which the controversy turns on monetary values and calculations.
- Wealth, Family and Succession MattersDivorce settlements, probate proceedings and marital disputes that call for the determination, valuation and tracing of assets.
Related Industries
- Public Administration and GovernmentPublic contracts, cooperation agreements, concessions and oversight proceedings involving public funds.
- Municipalities and Local GovernmentCity governments, municipal councils and local agencies facing accountability requirements, public works and oversight by courts of audit.
- Financial and Capital MarketsFinancial institutions, investment funds, investors and publicly listed companies involved in disputes, valuations and financial reviews.
- Associations, Foundations and Nonprofit SectorAssociations, foundations and nonprofit organizations facing accountability duties, tax-immunity requirements and financial reviews.
- Cryptocurrency and Digital AssetsCustody, movement and recordkeeping of crypto-assets in investigations, disputes and asset-tracing engagements.
- Construction, Engineering and InfrastructureConstruction works, engineering projects and infrastructure assets subject to cost, schedule and rebalancing claims.
- Energy and Natural ResourcesPower generation, transmission and distribution, oil, gas and mining, involving long-term contracts and regulatory disputes.
- Political Parties and OrganizationsParties, party branches, party foundations and campaigns in accounts submitted to the Electoral Courts, use of public funds and disputes over financial management.
Request an Analysis
Describe the technical question, the context in which it arose, and the documents available. This information lets SGEx assess the scope of the work before any proposal.