NIFA member David Winch appears on GMTV to discuss the MP expense claims scandal as well as the audit into these expense claims.
He touches on the subject of property "flipping", how the audit will be carried out, how long it might take and who will be paying for it.
NIFA Accountant reveals 'Bank behaving badly'
Date: 21st May 2009
When BBC News wanted a forensic accountant to investigate the £250 million loss of a High Street Bank branch they turned to NIFA member David Winch.
David was contacted by the BBC when they needed expert help for a 'File on 4' programme broadcast on 26 May (to be repeated on Sunday 31 May). They needed a forensic accountant to help them find just how much a single branch of the Bank of Scotland could have lost in bad loans to 13 businesses.
After examining the records David was interviewed for Radio 4 by reporter Allan Urry.
"I was shocked by what I found" said David, "I have never seen anything quite as bad as this. Even for a large organisation, £250 million is an awful lot of money to lose."
NIFA Accountant gives their opinion on the collapse of Christmas savings company Farepak
Date: 4th December 2006
David Winch speaks to the BBC on the collapse of Farepak. The following text is taken from the article which can be found on the BBC website:
Farepak's financial woes began when it borrowed £34m from the Bank of Scotland (now Halifax Bank of Scotland) in 2000 to buy a business it eventually sold three years later for less than a tenth of what it had paid.
Forensic accountant David Winch told the BBC it was "a serious wound to a company of this size" and a major loss for its parent company.
Mr Winch said this was compounded by the parent company buying three new businesses which need time to mature and reach a profit.
