Our latest video, “Best Practices for Conducting Forensic Audits in the Manufacturing Sector in South Africa,” discusses essential strategies to identify and prevent fraud within the manufacturing industry.
Continue ReadingConducting Forensic Audits in South African Public Entities
We’re excited to share our latest video on Conducting Forensic Audits in South African Public Entities. In this video, our experts at Duja Consulting dive into the essential techniques and best practices for forensic audits, helping you uncover financial irregularities, ensure transparency, and promote accountability in your organisation. Don’t miss out on these valuable insights to safeguard public funds and enhance trust in public institutions.
Continue ReadingBest Practices for Conducting Forensic Audits in Medical Insurance
Adhering to these best practices ensures that forensic audits in medical insurance are thorough, effective, and compliant with industry standards. Organisations can detect and address fraudulent activities and maintain financial integrity by focusing on clear objectives, engaging experts, and utilising advanced tools.
Continue ReadingForensic Accounting in Agricultural Cooperatives: Enhancing Financial Transparency and Fraud Prevention
Forensic accounting is not just about uncovering fraud after it has occurred. It’s a proactive approach that integrates accounting principles with investigative techniques to prevent fraud. This video examines how forensic accounting principles are applied in auditing agricultural cooperatives, empowering the audience to take control of their financial operations and prevent fraud.
Continue ReadingPayroll Fraud: Key Points for Prevention and Detection
Payroll fraud, a global menace, is a serious issue that affects organisations of all sizes and industries. It involves manipulating payroll systems to misappropriate funds, leading to significant financial losses and severe reputational damage. The Association of Certified Fraud Examiners (ACFE) reports that payroll fraud accounts for 9% of all asset misappropriation cases worldwide, with a median loss of $45,000 per incident​. This type of fraud can manifest in various ways, including timesheet fraud, pay rate alterations, ghost employees, commission fraud, and expense reimbursement fraud.
Continue ReadingTwenty Strategic Approaches to Optimise Your Procurement Strategy
In today’s rapidly evolving business landscape, procurement has transcended its traditional role of cost containment to become a strategic lever for creating value. Organisations that harness the full potential of their procurement strategies can achieve not only cost savings but also innovation, risk mitigation, and competitive advantage. In this article, we will delve into twenty ways to extract value from your procurement strategy, supported by real-world case studies and insights from industry experts.
Continue ReadingWhite Collar Crime – Following the Money Trail in the Crypto World
White-collar crime, often associated with non-violent, financially motivated offences committed by individuals or organisations, has taken on new dimensions with the rise of cryptocurrencies. While offering numerous advantages, such as faster transactions, lower fees, and increased financial inclusion, these digital currencies also present unique challenges for regulatory bodies and law enforcement agencies. Cryptocurrencies like Bitcoin, Ethereum, and others operate on decentralised networks, providing anonymity and global reach that traditional financial systems lack. This very nature makes them attractive tools for those seeking to conduct illicit activities, including fraud, money laundering, and market manipulation.
Continue ReadingHow Constant Innovation can Enhance Procurement Function Efficiency
In today’s dynamic business landscape, organisations must continuously strive for operational excellence. The procurement function, playing a crucial role in supply chain management, is no exception. Achieving efficiency in procurement processes is vital for cost savings, supplier relationship management, risk mitigation, and overall business success. In this article, we will explore how constant innovation can enhance procurement function efficiency, supported by case studies and insights from prominent business leaders and industry experts.
Continue ReadingOptimising Growth and Cost Efficiency through Procurement Outsourcing
In an era of fierce global competition, businesses are constantly seeking innovative ways to maintain growth while simultaneously reducing costs. One strategy that has gained significant traction is outsourcing procurement, which involves delegating the responsibility of sourcing and purchasing goods and services to specialised external partners. This approach enables companies to unlock substantial cost savings without compromising their growth ambitions. In this article, we delve into the benefits and strategies of outsourcing procurement to achieve a harmonious blend of growth and cost efficiency.
Continue ReadingTen Less Obvious Areas to Conduct Forensic Investigations in Mining Companies
Upholding integrity and transparency in mining is crucial. Forensic investigations are vital in uncovering and preventing fraud, corruption, and other unethical practices. While financial records and procurement processes are frequently scrutinised, many less obvious areas can harbour illicit activities. We will explore ten areas where mining companies should consider conducting forensic investigations. By doing so, you can ensure thorough oversight and integrity and potentially uncover practices harming your company and the industry.
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