Employee fraud can be a significant threat to organizations, leading to financial losses, damaged reputation, and diminished trust among stakeholders. People analytics, a data-driven approach to understanding and managing human resources, can play a crucial role in identifying potential fraud before it escalates. In this article, we will explore twenty indicators that may signal an employee is about to commit fraud, and how leveraging people analytics can aid in detecting and preventing such occurrences.
Continue ReadingTwenty Imperatives for the Future Head of Forensics in Companies
As the digital landscape evolves, so does the complexity of corporate crime and cybersecurity threats. For the head of forensics in companies, staying relevant in this rapidly changing environment is crucial. Embracing innovative methodologies and leveraging cutting-edge technologies is essential to remain effective in detecting and combating modern-day threats. In this article, we will explore twenty imperatives that the head of forensics must undertake to stay ahead, featuring real-world case studies and insightful quotes from industry experts.
Continue ReadingFraud Prevention Strategies for Large Manufacturing Companies
We’re excited to share our latest video on “Fraud Prevention Strategies for Large Manufacturing Companies.” We delve into essential measures that can help protect your manufacturing business from fraudulent activities.
Continue ReadingFraud Prevention Strategies for Large Mining Companies.
Fraud can have a devastating impact on mining companies, from financial losses to reputational damage. Our latest video explores effective strategies to mitigate these risks and protect your organisation.
Continue ReadingBest Practices for Conducting Forensic Audits in the Manufacturing Sector: A South African Perspective
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.
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