Keeran Madhav Director - Forensic Services

Bachelor of Commerce from the University of the Witwatersrand

Bachelor of Accounting Science with Honours from the University of South Africa

Certificate in Money Laundering Control from the Rand Afrikaans University

CA (SA)

Certified Fraud Examiner

Experience

In July 2013, Keeran joined Forvis Mazars Forensic Services as a Director.

Prior to joining Forvis Mazars Forensic Services Keeran was employed at Ernst & Young (October 2008 to 30 June 2013), where he was the Associate Director responsible for all forensic matters on one of the largest outsourced internal audit clients.

He completed his traineeship at Ironsides (currently BDO Spencer Stewart), having spent four years with the firm, and rising to the position of Manager; thereafter, he spent two years as a Financial Manager/ Internal Auditor at Glenrand MIB (currently AON). 

Between December 1998 and July 2004, Keeran was employed as Manager in various positions at Ernst and Young, which included Financial Services Audit, Forensics Services and a secondment to the London Office to gain further Forensic and Dispute Services experience.  Keeran’s forensic experience during this period covered a number of high profile investigations, anti-money laundering training and fraud risk management. 

Keeran’s subsequent position was as Forensic Audit Manager.  Thereafter, Keeran joined Deloitte as a Senior Manager primarily responsible for Forensic Audit support in terms of ISA240, Fraud Risk Management and forensic investigations. 

Keeran has vast experience and knowledge of investigating cash and stock losses, misappropriated debtors refund payments by staff, irregularities in the appointment of senior staff members, investigating unauthorised payments and loans, as well as tender irregularities.

Keeran has investigated matters pertaining to tender and procurement irregularities for the Gauteng Department of Education, as well as a major medical company, unauthorised payments made by an executive of a South African electricity and power distribution company, irregular award of a security contract, irregular payments to a non-executive director of a property fund, the revenue value chain of major municipality, alleged director negligence of a company in liquidation and reviewing of the money laundering policies and procedures of a major bank.

Keeran has testified as an expert witness in the cases he was involved in which has resulted in the summary dismissal of the senior executives and management for misconduct. Keeran has also performed a number of damage quantification expert witness assignments in respect arbitration proceedings on behalf of clients.  

Keeran has also assisted a major transport giant with developing, implementing and monitoring their anti- fraud and corruption programme that included performing awareness training and risk assessments.

Professional memberships

• South African Institute of Chartered Accountants (SAICA)
• CFE member of Association of Certified Fraud Examiners (ACFE)
• Institute for Commercial Forensic Practitioners (ICFP)