Financial statement fraud investigations
We were appointed to assist with financial statement fraud investigations of listed entities.
Forensic investigation & compliance
Harnessing cutting-edge technology in disputes and investigations
Increased regulation and a greater focus on compliance are the key factors behind a rise in investigations into areas such as fraud, anti-bribery and corruption and other financial crime. Disputes and investigations require discretion and expertise as organisations seek to limit reputational and financial damage.
Our approach
How confident are you that your business is safe from corruption and malfeasance?
We harness cutting-edge technology to ensure our clients have all the evidence they need during an investigation and/or dispute. We pride ourselves on our ability to undertake in-depth investigations while remaining sensitive to businesses’ concerns around minimising disruption. Our experts have extensive experience in fraud, regulatory and corruption investigations, including those under the Prevention and Combating of Corrupt Activities Act.
Once a problem is identified, we involve specialists who can perform robust investigations to identify irregular or criminal conduct, quantify and recover losses, and appropriate remedial and preventative action. We offer training to in-house teams and assist with proactive work such as risk profiling; evaluation of internal controls; fraud awareness courses; and crime surveys. We also have extensive experience in the specialised discipline of continuous integrity monitoring.
Our Partner-led team combines qualified accountants and fraud examiners with computer forensics, allowing us to execute detailed investigative procedures and provide a bespoke, technology-driven service to our client.
Our team of dedicated specialists offer an international service and regularly advise both national and international corporations and law firms. Apart from having led complex internal investigations, our expert witnesses and investigation partners have also given evidence in court and arbitrations making them well equipped for any forensic challenge.
Our qualified accountants, legal professionals and fraud examiners are objective, proactive and have the commercial acumen to help with:
- Anti-Bribery and Corruption (ABC) investigations
- Employee/fraud and misconduct investigations
- Regulatory and Compliance investigations
- Fraud and ABC Risk Assessments including programme reviews
- Digital Forensic Evidence
- Forensic data analytics
- Resolution of disputes in mediation and/or arbitration
Get in touch
To find out more, or discuss your investigations needs, please contact us using the form below
Fraud and theft investigations
We have performed investigations into allegations of improper conduct, corruption, fraud, and theft.
Dispute Matter
During 2016, we assisted counsel with an arbitration matter that involved a contractual dispute between our mining client and a contractor. We were required to defend the damages claim of approximately R22 million arising from the cancellation of the contract by our client . We completed an expert witness report for arbitration proceedings which ultimately resulted in a favourable settlement for our...
Facilitation payments and conflict of interests
During 2020, we investigated two (2) matters for our REIT that implicated a number of senior employees for alleged procurement and commission payment irregularities amounting to approximately R43 million.
Regulatory Investigations
We were appointed as investigators by the regulator to investigate allegations of fictitious certificates purchased or obtained by a number of members. Our investigation has resulted in the successful debarment of registered financial sector representatives.
Business sustainability & cash flow Investigation
A forensic review and analysis was performed on behalf of a major South African Bank (Bank/Our Client).
Investigation and Fraud Risk Management
A major mobile telecommunications company sought the assistance of Forvis Mazars for a period of five (5) months to perform proactive forensic assignments and a number of investigations.
Fraud Investigation and detection services
The client expressed concerns regarding potential fraud affecting their claims and subsequently impacting their solvency ratio. We stepped in to provide crucial support by conducting in-depth data mining, uncovering the underlying factors behind both the solvency and fraud concerns.
Anti-Bribery and Anti-Corruption compliance review
A client with subsidiaries worldwide appointed Forvis Mazars to assess the ABC compliance programmes and identify components necessary to reduce the risk of breaches to deter bribery and corruption. Our procedures included performing walkthroughs to document the compliance program, reviewing key ABC policies and procedures and performing transaction testing of high-risk areas.
Integrity Checks
We have performed Integrity Checks for clients in the private and public sector. We assessed the potential business risks that our clients may be exposed to which may include amongst others key checks on Legal and Regulatory compliance, Security clearance, Financial , Reputation and Reference checks.
Fraud Risk Assessments (FRA)
The client required that a FRA be conducted with specific focus on the following key areas:
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