Patrícia Latorre, a Partner with StoneTurn, has over 20 years of experience in risk management, compliance, monitoring and auditing. She specializes in assessing, implementing and remediating antifraud and compliance programs. She also has extensive experience conducting fraud risk assessments, fraud detection and forensic investigations.
Patrícia has also led and taken part in anti-corruption engagements pertaining to the Foreign Corrupt Practices Act (FCPA) in Brazil, USA, Spain, United Kingdom, Germany, Holland, Belgium, Portugal and Switzerland. She has worked with clients across various industries, including telecommunications, communications, entertainment and media.
Most recently, Patrícia 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, Patrícia oversaw all risk management-related matters for the VW and Audi brands. She co-led risk management testing for both VW and Audi and partnered with a multidisciplinary team of attorneys, forensic accountants and compliance professionals responsible for risk-related procedures. Her specific focus was on the design and implementation of internal controls and supporting systems, ensuring all compliance, risk management and training protocols were met. Patrícia was also responsible for quality reviews of risk management controls testing.
Prior to joining StoneTurn, Patrícia spent 18 years of her career with PwC Brazil, where she was an Audit Partner. As Audit Partner, she primarily acted in the external audit area with a focus on telecommunications, communications, entertainment and media clients.
Earlier in her career with PwC Brazil, Patrícia coordinated audit engagements in diverse Latin American countries and a wide range of industries (consumer products, manufacturing, transportation, automotive, energy and real state), and was responsible for reviewing external audit engagement projects when corporate fraud events were detected. She also led training focused on fraud risk detection for PwC Brazil’s external audit practice.
Patrícia also worked with PwC’s U.S. Forensic Services practice, where she took part in worldwide anti-corruption projects and developed anti-corruption work tools and programs to evaluate the existence of fraud. During her tenure in Forensic Services, Patrícia concentrated on serving clients to identify and assess fraud, misconduct and reputation risks, evaluate the design and validate the operating effectiveness of antifraud programs and controls and design substantive fraud auditing procedures and develop responses to suspect or discovered fraud.
She led risk assessment engagements involving risk identification and classification, mapping controls to mitigate the identified risks and assessing the design and operation of controls through walkthroughs, interviews and application of data analytics, resulting in recommendations for improvement on processes and controls.
Patrícia has a broad knowledge base in accounting matters, financial statements prepared in U.S. GAAP and IFRS, and statements of SEC- and Brazilian Securities Commission (CVM)-listed companies. She is a Certified Public Accountant (licensed in the state of Maine) and a Certified Compliance & Ethics Professional – International (CCEP-I). Patrícia is a native Portuguese speaker and is fluent in English.