Greg Buchanan, a Partner with StoneTurn, brings over 20 years of combined experience in forensic accounting, risk management, litigation consulting and auditing. He has extensive experience working on compliance matters, anti-corruption and anti-bribery engagements, complex forensic accounting investigations, and commercial litigation cases involving public and private companies. Most recently, Greg worked as part of the Forensic Adviser team supporting the U.S. Department of Justice (DOJ)-Appointed Independent Compliance Monitor and Auditor of Volkswagen AG – one of the largest and most high-profile corporate compliance monitorships in history.
As part of the VW monitorship team, Greg led anti-corruption testing efforts, partnering with a multidisciplinary team of attorneys, forensic accountants and compliance professionals. The team focused on evaluating the design and operating effectiveness of key policies, processes and internal controls designed to mitigate corruption risk in high-risk areas, such as gifts and other gratuities, invitations, sponsorships and donations. In addition, Greg’s team assessed the internal audit function’s procedures to proactively perform audits of corruption risks, including evaluating internal audit’s risk assessment processes and conducting shadow audit procedures for audits performed in high-risk locations. Greg also led testing efforts related to VW’s response to the emissions scandal misconduct, which included a root-cause analysis and “lessons learned” policies and processes.
Greg has extensive experience in reviewing and assessing company compliance programs, and has served as a forensic adviser on multiple government imposed monitorships. As part of these engagements, his work involved the assessment and evaluation of compliance programs through assessing the design and operating effectiveness of key internal controls, performing substantive testing of accounting transactions to determine if there were books and records violations, assessing the internal audit and other key compliance and operational functions, and conducting complex data analytics for both entity-level and site specific corruption risks.
Greg has significant expertise in anti-corruption and anti-bribery matters. Particularly, he has conducted worldwide corruption investigations, including assisting his clients with potential Foreign Corrupt Practices Act (FCPA) violations, in numerous industries including consumer products, hedge funds, healthcare, medical products, manufacturing, real estate, amongst others. He has also developed FCPA training materials for numerous companies to assist their internal audit and compliance departments in the determination of whether they have implemented an effective FCPA compliance program to meet regulatory requirements.
Greg has assisted companies and legal counsel on a variety of complex accounting matters, including government enforcement actions, related to various Generally Accepted Accounting Principles (GAAP) issues, including the improper treatment of revenue recognition, inaccurate and inappropriate accounting of reserves and expenses, and other financial reporting irregularities. He has advised his clients on various accounting fraud issues including embezzlements, procurement fraud, kickback schemes, securities fraud, false financial reporting, and other complex accounting issues.
He has participated in a variety of litigation matters, including purchase price disputes, the preparation and analysis of damage claims, bankruptcy matters and royalty audits, among others.
Greg has reported findings and recommendations to legal counsel, boards of directors, the Securities and Exchange Commission (SEC), Office of Thrift Supervision, the Federal Deposit Insurance Corporation (FDIC) and other regulators.
Prior to joining StoneTurn, Greg worked in the Forensic Accounting and Audit practices at KPMG, and the Forensic Accounting and Litigation Consulting practice at Kroll.
Greg is a Certified Public Accountant (licensed in the state of Illinois), a Certified Fraud Examiner and is Certified in Financial Forensics.