Sofia

Martins

Associate Director

London

Portuguese

Spanish

English

What our clients say

Expertise

Advisory

Anti-Money Laundering & Sanctions

Audit and Accounting Advisory

Bribery and Corruption

Disputes

Investigations

Controls Testing, Enhancement, and Implementation

Cryptocurrency

Disgorgement and Penalty Calculations

Forensic Accounting

Monitorships

Regulatory Investigations

Asset Tracing and Fund Flow Analysis

Sofia Martins is an accounting subject matter expert with 20 years’ experience in internal and external audit and forensic accounting. She has led and supported cross-border investigations, monitorships, disputes, penalty / disgorgement calculations, and statutory audit reviews across financial services, aerospace, healthcare, petrochemical, engineering, energy and consumer industries. Sofia has supported matters before the DOJ, SFO and other global regulators.

Prior to joining FRA, Sofia worked at KPMG and EY in their audit practices in the UK and Portugal. She managed a diverse portfolio of clients, which included large multinational companies of PSI-20 and FTSE MIB, mainly in the financial services sector based in Europe and Africa. Her experience includes conducting external audits, due diligences, reviews of internal controls and business processes, Solvency II implementation, credit impairment analysis, and regulatory reporting. She has also designed and delivered training programs.
Sofia has vast expertise in banking, insurance (life and non-life) and asset management (pension funds, real estate funds, and investment funds) sectors, and is knowledgeable in assessing key business processes, risks and internal controls.
In addition, she has worked within the internal audit department of an insurance company, where she played a key role in restructuring the internal audit function.

ABB: Supported Swedish-Swiss multinational ABB in reviewing and enhancing its internal controls as part of remediation discussions with the DOJ.
Litasco: Provided expert forensic support for the defendant in a complex USD 2b dispute involving a highly complex model of the damages calculation.
Cryptocurrency Exchange: Currently supporting a multi-year US compliance monitorship of a global cryptocurrency exchange.
Healthcare Services Company: Supported and co-led a disgorgement calculation in relation to a settlement with Brazilian authorities.
Engineering Manufacturer: Supported investigation into whistleblower allegations that revenue was overstated and costs were undervalued with respect to certain long-term manufacturing projects. Investigation focused on long-term revenue and profit recognition under IFRS 15, covering contract obligations under IAS 37 and materiality of adjustments under IAS 8, with findings presented to the client’s general counsel, external auditors and audit committee.
Global Petrochemical Company: Supported an investigation into alleged payments from the company’s operations in Mexico to public officials to secure a contract, enabling the company’s auditors to sign off their audit opinion.
British E-Commerce Company: Supported the Independent Expert, instructed by the investigating regulator, in a review to identify breaches of relevant audit requirements by the company's Statutory Auditor.
Audit Firm: Supported the Independent Consultant for an SEC settlement related to an audit firm’s quality control system and policies and procedures in response to an SEC Administrative Proceeding.
European Bank: Supported an investigation to determine (i) whether specific entities allegedly involved in money laundering activities were customers of the bank and whether the bank off-boarded these customers, and (ii) whether the bank had other customers associated with these entities, while identifying transactions of potential concern.