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Brett
Morkunas
Brett is a Partner within Audit and Assurance and responsible for Nexia Edwards Marshall’s Mining and Energy Advisory and Information Technology divisions.
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t: +61 8 8139 1220
m: +61 428 857 011
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Brett is a multi-disciplinary accounting and assurance professional with experience in both industry and practice specialising in energy and resources, assurance and risk, portfolio and planning and information systems.
Brett is a multi-disciplinary accounting and assurance professional with experience in both industry and practice specialising in energy and resources, emissions compliance, assurance and risk, business consulting, portfolio and planning, and information systems.
Brett was employed with Santos Ltd for more than ten years in various roles including Manager Finance in the Eastern Australia Business Unit and Team Leader Production Allocation which also involved the design and implementation of Santos’s greenhouse gas reporting systems.
Also during his employment at Santos, Brett undertook:
• project team roles as part of Santos’ Oracle ERP implementation and 2003 organisation restructure;
• the project manager roles for two major IT projects centred on production and greenhouse data management and gas nominations and contracting; and
• a senior accountant role that was responsible for budgeting and forecasting at both a departmental and consolidated business unit level.
His role as Manager Finance at Eastern Australia Business Unit (a BU comprising more than 20 departments, approximately $A1 billion in revenue and significant operating and capital expenditure programs) included the management of a substantial team with responsibilities for four different areas:
• departmental accounting, budgeting and forecasting;
• joint venture accounting;
• business planning and economic modelling; and
• statutory/business unit accounting.
Professional Expertise
Audit and Assurance
As a registered company auditor, Brett undertakes assurance engagements for both companies and not-for-profit assurance clients. Brett approaches each engagement with an approach to have a complete understanding of the organisation which allows for an audit plan which is tailored to the business and conducted in an efficient manner. Brett has significant experience in senior accounting roles in commerce and brings this balanced perspective to the audit services he provides and directs.
Resource Sector and Business Advisory
Brett has considerable experience from his roles in commerce and the resources sector and provides dedicated consulting services to clients in the areas of:
• planning, budgeting and forecasting, economic analysis and portfolio management;
• greenhouse and emissions systems reporting and compliance;
• production accounting and reporting;
• mining and oil and gas accounting;
• financial modelling and advisory; and
• risk advisory services.
Brett provides services to a mix of ASX listed and smaller miners drawing on his industry based experience to provide clients with practical solutions.
Formal qualifications
• Bachelor of Arts in Accountancy, University of South Australia
• Associate, Chartered Accountants Australia and New Zealand
• ASIC Registered Company Auditor
• Registered NGER Greenhouse and Energy Auditor
Experience
Brett’s work benefits from combining his industry and practice experience. Brett considers that his clients benefit from his knowledge and understanding of risk and governance and his financial modelling skills.
Assignment
Provided in house consulting services to a listed resources company associated with the rollout out and subsequent operation of an enterprise resource planning system including the related business process change.
Process and outcome
This assignment, which was initially short term, became a 3-year involvement with a listed company where Brett was seconded into the Business Planning team to work directly with the business in the implementation and roll out of a business planning system that integrated asset planning information through to corporate budgets, quarterly forecasts and long term plans.
The engagement included working with the business in preparing templates for capture and loading of asset and budget information and then the management of the review and the internal sign off processes for executive management through to the Board.
The assignment drew on Brett’s experience in IT systems implementation and process change as well as his commerce technical skills. Brett used his multi-disciplinary experience to effectively address the issues and achieve the client’s desired outcomes.
Assignment
Conducted a financial modelling/economic assessment engagement related to a potential land development.
Process and outcome
This assignment related to development of the financial models and reporting, including scenario analysis, for this potential development.
A key part of this assignment was the upfront establishment of an approved assumptions book that drove the efficient construction of the financial models and created transparency when the results of the models were presented to management.
Assignment
Consulting to an ASX listed oil and gas company in the area of greenhouse compliance and reporting.
Process and outcome
Brett assisted in the design and implementation of the greenhouse reporting and compliance system in response to the then requirements of the NGER and Clean Energy Acts.
This transformed an existing system of spreadsheets into a contemporary software system across more than 50 facilities.
Brett continues to extensively consult to this organisation on greenhouse compliance and reporting matters.
Assignment
Assisted a not for profit client in developing a financial model for a potential acquisition opportunity.
Process and outcome
This engagement comprised the development of a robust financial model to assist the entity in evaluating the economic viability of a potential business acquisition.
Other Professional Expertise
Risk Management and Internal Audit
Brett is often engaged by clients to develop risk frameworks and assist with the assessment of organisational risk. Managing risks at an organisation in a structured way ensures that key risks are targeted and addressed, and resources are allocated in the most appropriate manner.
Brett’s engagements have also included the development and undertaking of an asset level / line 2 internal assurance program for a significant ASX listed mining company and the provisions of internal audit services to a prudentially regulated superannuation fund.
Resource Sector and Business Advisory
Brett has considerable experience from his roles in the commerce and the resources sector and provides dedicated consulting services to clients in the areas of:
Brett provides services to a mix of ASX listed and smaller miners drawing on his industry-based experience to provide clients with practical solutions.
IT & Major Projects and Implementation Services
Project management and governance skills directed at ensuring that projects are appropriately scoped, managed and implemented including:
Greenhouse Emissions Reporting and Compliance
Brett is a Registered Greenhouse and Energy Auditor under the National Greenhouse and Energy Reporting Scheme (NGERS) with considerable experience including:
