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THE FORENSIC PRACTITIONER

DECEMBER 2016 ISSUE 003

Everything you should know about South Africa’s commercial forensic industry.

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Notes from the editor

Welcome to final edition of the ICFP Quarterly for 2016. I’d like to thank everyone who contributed to this edition. By sharing your expertise and insights, you upskill a much larger community of commercial forensic practitioners.

In this edition, Susan Breytenbach, a partner in EY’s Fraud Investigation & Dispute Services, explains how forensic accountants help quantify loss and damages in litigation matters and other disputes. Drawing on her years of experience, she offers key characteristics that all forensic accountants should consider.

Werner Bouwer, a seasoned advocate, considers the importance of punitive and corrective action as a deterrent in cases of unethical behaviour. He notes that while South Africa is steeped in anti-fraud and anti-money laundering legislation, there is insufficient expertise to use that legislation to curb crime.

Gerda Ferreira, the head of group forensics at Nedbank, discusses how to establish effective fraud management teams in corporate environments, arguing that a holistic, unified network of criminals needs a holistic, unified response from banks, corporates and public institutions.

We also hear about the role of women in forensics from Nosisa Fubu, who offers women forensic graduates some advice on getting ahead.

Finally, we profile the ICFP’s new chairman, Kgmotso Ngakane, a director in Risk Advisory (Africa) for Deloitte. Kgomotso brings a wealth of experience to the ICFP and we look forward to his playing an active role in developing the organisation.

Wishing all our colleagues a festive season with friends and family.


The kinds of cases brought before forensic accountants are unlikely to be straightforward. Lack of clarity, missing information or the complexity of the underlying issues often contribute to the reason why the parties have not been able to settle a dispute in the normal course of business. It is critical that the forensic accountant consider all evidence and plausible assumptions, including those which may contradict the outcome the client is hoping for. This will help lawyers and their clients to understand proactively both the strengths and weaknesses of their case, so that the lawyers can develop an appropriate legal and commercial strategy to manage litigation risk and optimise likely outcomes.

Forensic accounting is driven by detail and due process, but coupled with that a forensic accountant needs to summarise and explain financial data and the commercial substance of transactions in a way that a layman can understand. Courts and arbitrations may also call for the opinion of the forensic accountant, who should have the willing to express an opinion backed by evidence under cross-examination.

Quantifying loss and damages

Claims quantified by forensic accountants often relate to loss and damages suffered as a result of some event. For example, if your key client prematurely cancels a contract or a supplier stops supplying a key product, you are likely to suffer damage in the form of a loss of profit.

While it’s up to the lawyer to prove the breach of contract, it’s up to the forensic accountant to quantify the damage caused by that breach. In quantifying such a damages claim, the objective of the forensic accountant would be to try and put you in the financial position you would have been in, had the event that caused the damage not occurred.

Damages claims can be complex. For example, our calculations need to consider a wide range of financial information that is often not based on pure factual evidence, such as lost sales and revenue, cost savings, variable costs, cost of alternative supply and fixed costs and overheads. As we often need to make reasonable assumptions, for example around sales

How do forensic accountants support a litigation?

By Susan Breytenbach(EY)

Lawyers and their clients often require expert advice on accounting or financial matters that are critical to the outcome of a dispute or litigation matter. The role of the forensic accountant is to be the interface between the financial and legal worlds. The skills of forensic accountants are typically used to identify, analyse and consider financial evidence and to quantify claims.


forecasts or variable costs per unit, we need to be mindful of the impact of any variation in assumptions. These and other pieces of non-factual evidence can often be disputed among forensic experts.

Forensic accountants also provide litigation support in many other areas, including:

• Commercial disputes over amounts owing between parties – for example alleged over-invoicing and disputed rebate calculations;

• Shareholder/Director disputes – for example share value disagreements and concerns about the validity of transactions impacting value and mismanagement;

• Post-transaction disputes – alleged inaccurate information, like the overstatement of revenue or undisclosed liabilities, or quantification of warranty claims in terms of the sale and purchase agreement;

• Quantification to help settle insurance claims – for example, business interruption claims for lost profit or fidelity insurance claims for losses suffered as a result of fraud by employees;

• Union disputes – if employment conditions change, employees might argue this has a negative financial impact on them; and

• Competition Commission matters – In support of leniency applications, examine records for evidence of anti-competitive activity. We can also assist with assessing or defending claims for damages due to anti-competitive activity, working closely with other experts, such as economists.

Susan is a CA(SA) and a partner in EY’s Fraud Investigation & Dispute Services practice who has 18 years of experience in financial investigations and accounting litigation support. She is also a Certified Fraud Examiner.

What’s required of a forensic accountant?

While strong commercial financial skills are a given in this industry, a successful forensic accountant should also have the ability to:

• explain complex financial information in a way non-financial people can understand;

• write clearly, logically and accurately, avoiding unnecessary descriptors and technical jargon;

• look at complex issues objectively and from multiple viewpoints;

• apply accounting and financial expertise to legal issues; and

• absorb pressure and stand your ground against a client or lawyer who wants to advocate a particular view.

Finally, reputation and track record is key. While making reasonable assumptions is often part of our work, we can never sacrifice objective and independent reporting for the outcome that our client aspires to.


Kgomotso Ngakane Director in Risk Advisory, Africa, for Deloitte

Risk Advisory focuses on four key areas: governance, regulatory and risk data analytics; forensics; technology assurance and advisory; and cyber-risk services.

After completing articles, I was seconded to corporate finance, where an interest in forensics was sparked. This was the beginning of my career in forensics.

The demand for forensic type work in in South Africa is growing, driven mostly by the expansion of the South African economy into the global market. This expansion has given rise to different challenges. For one thing, the fight against corruption has triggered the industry to become more focused, especially around compliance requirements, for example anti-money laundering in banks and anti-bribery and corruption in construction and mining. These are also driven by transversal legislation like the Foreign Corrupt Practices Act and the UK Bribery Act.

Technology in the analytics space is fast becoming the driver, especially in the preventative aspects of forensic work. Predictive analytics especially is starting to replace traditional historical data analytics, which detects suspicious or fraudulent transactions only after they’ve occurred. This is reflected in the US and UK legislation, which emphasises preventative solutions.

ICFP

The ICFP was established as an independent and objective body that aims to cohere the emerging forensic industry in South Africa. It coordinates key initiatives in order to develop the industry, as well as helping to regulate the industry by enforcing a code of ethics.

Finally, it offers nationally recognised credentials and standards through the commitment and collaboration of the industry and its associated stakeholders.

The ICFP is very relevant because it aims to draw context from the unique needs and nature of the South African market. In this way, it maintains a high level of congruency between industry needs/demands and our body of knowledge/tools. This ensures that the industry is continuously up-to date, relevant and keeps abreast of challenges born out of a complex environment. A key value driver is the provision of formal and high quality university courses for new and upcoming practitioners. This is a huge positive for the ICFP, as we ensure a healthy pipeline of professional forensic practitioners within South Africa.

The Board is comprised of highly driven and energetic forensic practitioners who remain focused and committed in ensuring that the objectives of the ICFP are achieved.

To add value, we remain relevant and make a relevant impact. Due to its relevance and value proposition, there is a growing demand for membership of the ICFP by potential and existing members.

Career history

Degree: Accounting Honours. Master’s in forensic accountancy at Potchefstroom University

Career: Articled at Deloitte, Senior manager at Deloitte Forensics. Head of forensics, MTNGroup. Head of forensics, Impala Platinum. Managing director, Nexus Forensics

Introducing our new chairman


Financial crime schemes have become increasingly complex, resulting in more business and reputational risk. This calls for an integrated approach to address the growing risk of financial crime.

This shift has been spurred on by legislators, regulatory bodies and enforcement authorities now relying to a far greater extent on the private sector to assist with the global fight against financial crime. Furthermore enforcement actions are frequently intrusive and the penalties for non-compliance severe.

So, where does one start driving integration? First, by realising that there is no best practice approach. The key is to identify and define the different types of financial crime that affect your company, depending on local jurisdiction and operating context.

What is financial crime?

There is no precise, global definition of financial crime, and the term encompasses different concepts depending on what you do and where you operate. Broadly speaking, financial crime constitutes economically motivated crime and covers a wide range of illegal activities and regulatory contraventions.

By Gerda Ferreira

Creating an integrated approachto financial crime risk management


Why an integrated approach?

Imagine an employee sells client information to a syndicate, who in turn accesses the organisation’s system via keylogging and then transfers the funds abroad. Although the intention was merely to steal the money, there are overlapping criminal activities and regulatory contraventions here, including corruption, cybercrime, privacy breaches, fraud, money laundering and exchange control contraventions. These typically elicit responses from different areas of the organisation, which may or may not share the same approach, resources and case management system.

Sophisticated criminals themselves follow an organised, integrated approach, often enlisting the help of specialists to take advantage of loopholes and exploit vulnerabilities while utilising advanced technology and tools. A fragmented approach to financial crime risk management will struggle to mount a defence, let alone develop a proactive response.

An integrated risk approach comes with many benefits, including:

• improved return on risk and compliance investments;

• efficiencies and cost savings;

• the development of comprehensive intelligence and analytical capabilities, as well as management information that has integrity; and

• using financial crime risk management as a strategic business enabler.

Gerda is the Executive Head: Group Financial Crime and Forensic Services at Nedbank Ltd where she leads a multi- disciplinary team of 190 investigators, accountants, analysts and risk assessors. Her portfolio includes leading integrated financial crime risk management for Nedbank. After 11 years of specialising in the investigation and prosecution of commercial crime she resigned in 2003 as a Deputy Director of Public Prosecutions at the Scorpions to join Nedbank. Gerda is an advocate of the High Court of South Africa and holds a B.Juris, LLB and LLM (Banking Law). She is a founding member of the ICFP and a former board member.

Although integration connects the dots of regulatory requirements and criminal offences, this in no way demands a single organisational structure. While different areas may retain responsibility for the various financial crime risk types, a holistic and collaborative approach is required to align governance, strategy and risk appetite, resources, intelligence, data analytics and technology.

In-house commercial forensic practitioners are best positioned to champion and drive this vital shift to an integrated financial crime risk management strategy. And if you’re a consultant, you’ll advise your client best if you understand that one size does not fit all.


Why do organisations with strong controls, policies and procedures (like municipalities or parastatals) still experience endemic losses caused by unethical behaviour?

On a macro level the same question can be asked: why does a country like South Africa with strong, first-world anti-corruption and money laundering legislation experience endemic corruption?

Perhaps the answer lies in a proper interpretation of the term ‘rule of law’. Many commentators have correctly constructed this principle not to mean whether the law itself exists, but how it is applied, i.e. fair application and enforcement. Note that the emphasis is on doing (walking the walk) and not just passing laws and policies (talking the talk).

It follows that to enable the rule of law to exist, actual enforcement (doing) is required. On an organisational level, it does not help that many organisations direct their resources to the prevention of unethical behaviour in one work stream, while reacting to it in another. Having these work streams operating in silos does not help. To aggravate this, information is not shared (due to a misinterpretation of legislation or the

wrong use of the term ‘confidentiality’), which further impedes effective and cohesive enforcement.

On a macro level, the criminal justice system (read - the National Prosecuting Authority, SA Police Services and Hawks) are the enforcers. They are exclusively mandated to enforce our exemplary anti-corruption and money laundering legislation, as well as other legislative measures, such as those intended to criminalise the looting of public funds.

One example of the latter kind of legislation is the Public Finance Management Act (‘PFMA’), passed in 1999, which criminalises the head of a department’s failure to prevent fruitless and wasteful expenditure in a grossly negligent manner. Similarly, the Municipal Finance Management Act (‘MFMA’), passed in 2003, criminalises the same conduct by any municipal official. These are powerful tools to prevent and punish looting, yet they are virtually unused. Every year, without exception, the Auditor General reports wasteful expenditure aggregating to billions. Yet, despite being introduced more than 10 years ago, the NPA’s prosecution of persons in terms of the MFMA and PFMA have been few and far between. This anomaly prevails, despite the fact that it would be easier for the State to prove its case in terms of the PFMA or MFMA than, for instance, when prosecuting for corruption or fraud (where proof of criminal intent is required, and not only gross negligence).

Effective reaction as a deterrent will prevent unethical behaviour

By Adv Werner Bouwer


Werner is a director of Nexus Forensic Services and Nexus Training Academy. He is an admitted Advocate of the High Court, and a SASSETA and FASSET accredited Assessor and Moderator. He joined Nexus in 2006, after spending 11 years as a prosecutor, and four years at Deloitte. He has 25 years’ collective experience, with a master’s degree in forensic accounting and auditing.

Visit www.nexusforensics.co.za or www.nexustrain.co.za for his contact details.

I (fairly recently) asked one of my former colleagues (he is still in the NPA) why they do not charge in terms of the MFMA and PFMA. He told me if I mention MFMA to him again, it would be the second time he hears of it. Just last week I heard of a Magistrate asking a prosecutor what the MFMA is. Coming from a prosecutorial background and having had to make the paradigm shift from prosecutor to forensic practitioner, I understand how daunting the MFMA and PFMA can be for a prosecutor, Magistrate and detective.

Another example: in 2004 the government created a national (public) tender database that blacklisted any “tenderpreneurs” with corruption convictions from applying for new tenders for a specified period. The NPA is the main body that has to implement this strong and necessary provision in the Prevention and Combating of Corrupt Activities Act No 12 of 2004. Some 12 years ago, this was seen as a positive message from government (in other words, ‘talk’) to root out corruption. Up until recently, there were two individual names on the Register for petty fraud. Today, however, a National Treasury webpage reflects the following message – ‘currently there are no tender defaulters’, which is incongruent with the high levels of tender corruption we see exposed regularly. So much for the ‘walk’.

This brings me to our culture. In King IV, the term ‘culture’ is accurately affirmed to be how things are really done, irrespective of what is said to be done to the outside world. Again, the differentiation between the walk and the talk is conspicuous. Our culture of impunity (an attitude that occurs when nothing is done) in South Africa has been identified by many constitutional bodies and commentators as the root cause for the high number of incidents of unethical behaviour in the private and public sector.

It is therefore not surprising that quick and effective reaction (read: proper enforcement/doing) to unethical behaviour has always been one of the key steps advocated by lobby groups for governance and ethics globally, in any organisation’s quest for an ethical culture. One of my colleagues advocates that effective reaction in practice means (in chronological order): get the person out of the system, get your money back, and open a criminal case!

I hope that we can see the criminal justice system start using all the ammunition provided to it in deterring procurement fraud, and that those charged with governance and ethics in an organisation will focus on the walk, rather than the talk. After millennia, Edmund Burke’s proverb still rings true: “The only thing necessary for the triumph of evil is for good men to do nothing.”


Women in forensics: Q&A with Nosisa Fubu

Q: Is it fair to say that commercial forensics is historically a male-dominant profession?

Oh yes. But that’s changing. At KPMG, the working demographic is 55% women, with about 30% women at senior levels. So while we have more women in entry-level positions, this narrows as you go up to more senior levels. Still, this is in progress.

Q: Why are more women entering the profession, do you think?

Increasingly, women have become great ambassadors in this space. People like Zanele Mxunyelwa, head of forensics at Treasury, and Thuli Madonsela, our former Public Protector, show young women that they can enter professions that haven’t always been open to women and for a long time was predominantly men.

I think it’s important to underscore that in commercial forensics not everyone is the policeman (or policewoman should I say!). Auditors and forensic specialists work in teams that often include lawyers, accountants and technical specialists. The key is to find a niche that interests you and excel in that.

Finally, I think we have to acknowledge the impact of offering direct forensic education at university level, something that was never available in the past. The ICFP has been instrumental in developing this opportunity.

Q: Tell us about some of your own experiences of being a woman forensic practitioner and how you got into the field.

During my articles, I assisted the forensic unit with some financial analysis and really enjoyed the experience. Perhaps it’s my natural inquisitiveness, or that my father was a policeman, but I knew, after completing the CA(SA) qualification, that I would never truly enjoy a finance-only role. I found investigations fascinating and dynamic, and that hasn’t changed over the years.

As a woman, I’ve realised that I don’t need to be more masculine to succeed in my role. Women tend to bring a different kind of energy to a job, one that’s often less combative and more sensitive to the situation they’re in. This can actually help you to extract the information you need for a successful investigation.

Q: What’s your advice to would-be forensic professionals who are women?

Don’t be intimidated – there is space for all of us at the table. Some of the men you investigate may try and charm you, but seek the facts without compromising yourself or the investigation.

Nosisa Fubu is managing director of forensics at KPMG. We asked her about the increasing number of women entering the field.


Board exam results 2016

The Board examination creates a balance between technical skills and professional competence. In order to complete this journey towards membership of the profession, candidates are required to sit through a board examination and obtain the minimum practical experience.

The ICFP would like to congratulate the candidates who have successfully completed the 2016 Board examination.


Nodada Ncedo Ntsele Thulani Pewa Nokukhanya Angel Pool Jurgens Johannes Poswayo Lionel Sipho Selogilwe Tebogo Simon Senekal Johann Perry Sibiya Mhlonipheni

Mbhekiseni Tladi Seipei Tracey-Bornman

Yvette

Van Loggerenberg

Johannes Gideon

Van Niekerk Chantel Judith Van Rooi Sue-ann Robyn Van Zyl Shaelene Antonia Vermaak EricaVorster Rene Watts Rozaan Wentzel Johan Daniel Cronje Wesseloo Werner Rinier

Surname Name

Commercial Forensic Information Technology (CFIT)

Surname NameBotha KevinBotha Natasha Buthelezi Msizi Siphelele Campher Reno Alexander Cassim Sunitha* Chifamba Shepard Cilliers Minette* Coetzer Melissa*Coetzee Elizabeth Sophia

Agnes Cooke Nicolette RosemaryCox Sozet*Da Gama Janine Yentle Du Toit Johan Du Toit Zilla Dunbar Nicole Jennifer Erasmus Tanja* Erasmus Riandre Thaliza* Govender Malenthren Henrico Jan Hendrik Holzinger Natanya Jasmin Hoole Brydon James Jacobs John AnthonyJacobs MarietjieKarrim Yousuf Kganyago Seoka Sharon Kirsten Elizabeth Magdalena Kloppers Bernice* Kotzee JeandreLabuschagne Melandri*

Linda Sipho Simon Luwaca Sindiswa Gloria Malatji Nothando Loveday Malemela Mmapeulwane

Phomolo Manka Palesa Innocentia Maripane Makopi Sharmilla Mashaba Paula Ntombikayise

Mandlakazi Mathisa Sylvie Nadege Mbokazi Bonginhlanhla EricMbonani Thembisile Norah Modise Veronica Mogale Kagiso Molamu Mogashoa Thapelo Anna Mogotsi Tshefogatso GloriaMoholola Nomsa Vanessa Mojela Job Sello Mokone Terrens Mpotseng Molapo Sefoka Molefe Thuso Clifford Monakhisi Mologadi Motswai Joyce Msibi Lerato Vusumuzi

Nhlahla Mulder Wynand Muller Johannes MigalMurphy Caitlin Alice Turner Ngalo Nomvuselelo Sylvia Ngubeni Innocentia

Surname Name

* Passed with distinction.


Commercial Forensic Law (CFL)

Awkes Milliad Mayet Marlon Cassim Sunitha* Cilliers Minette* Coetzee Angelique Hadden Terry-lisa Holzinger Natanya Jasmin Karrim Yousuf Malatji Nothando Loveday Malemela Mmapeulwane Phomolo Malindi Makhohlane Lucius Mandlazi PaulosMandyoli Sinalo Piquet Manka Palesa Innocentia McLachlan Wilhelm van Heerden Mokone Terrens Mpotseng Molefe Ofentse Vusumuzi RobertMonakhisi Mologadi Motswai Joyce Mzaca Sbusiso Kopano Blessing Naidu Mayindren Ngubeni Innocentia Oosthuizen/Kroeze

Lara Louise

Pewa Ignatia Bongiwe Sicongwane Mfesane Skosana Precious Busisiwe Smit Helen Van Rooi Sue-Ann Robyn* Van Zyl Shaelene Antonia* Wesseloo Werner Rinier*

Surname Name

Commercial Forensic Accounting (CFA)

Bosch Michael Anthony Boshoff Martin Pieter*Buthelezi Msizi Siphelele*Coertzen Niclon* Cox Sozet*Du Toit Christoffel Petrus Fourie Yolandi* Hadden Terry-Lisa Hlongwane Mongezi Mpumelelo Hoole Brydon James* Hurrell Jonathan Kunene Nomalizwe Malaka Thakalane Thomas Mandyoli Sinalo Piquet* Manne Mpho Mbokazi Bonginhlanhla EricMcLachlan Wilhelm van Heerden* Mdludlu Thembeka Midisadife Tebogo Lawrence* Mokoena Mojalefa Jacob Molapo Sefoka Molefe Thuso clifford Molibeli Mariti Isaac Murphy Caitlin Alice Turner* Mzaca Sbusiso Kopano Blessing* Ncube Senwelo Netshirando Tendani Candidor Pewa Nokukhanya Angel* Poswayo Lionel Sipho Selogilwe Tebogo Simon Sibiya Mhlonipheni Mbhekiseni Smit Helen Volkwyn Carl Martin

Surname Name



Commercial Forensic Investigations (CFI)

Alberts Danika Linda* Boikanyo Koketso Ellen Coetzee Marinus Dlamini Sineziwe Yvonne Du Toit Christoffel Petrus Fourie Yolandi Gouws Stephanus Johannes*Kganyago Seoka Sharon Khashane Matitoe Ivonne Linda Sipho Simon Mabuza Nombulelo Sandra Maisha Mahlatse Lucky Manne Mpho Maphoto Godfrey Marishane Mapitje Anna Marumo Lucia Mathebula Rose Dineo Mathekga Manare JosephMatlou Puluchi Wilson Mdludlu Thembeka Mhlantla Noncedo Mkhabele Khutso JeremiahModiroa Boitumelo Mpho Modise Veronica Mogashoa Thapelo Anna Moholola Nomsa Vanessa Mokoena Mojalefa Jacob Molefe Boitumelo NomthuthuzeliMotsharine Rudzani Norman Mpungose Minenhle Zwelihle

Msibi Lerato Vusumuzi Nhlahla Ndaba Nqobile VeronicaNgalo Nomvuselelo Sylvia Nodada Ncedo Phatswane Lebogang Rakgoale Mabolane Lloyed Gandhi* Setshedi Maseletsane JosephShivambu Mendry Sibiya Mhlonipheni Mbhekiseni Toona Makoma Rosina Tracey-Bornman Yvette Walters Theresa Geraldine

Surname Name Surname Name



Practice and Fraud Risk Management (PFRM)

Botha Natasha Botha Nicole* Coetzee Angelique Coetzee Marinus* Da Gama Janine Yentle Dlokolo Siphesihle Sisil Kgatle Kutlwano Luwaca Sindiswa Gloria Mabuza Nombulelo Sandra Maripane Makopi Sharmilla Marishane Mapitje Anna Marumo Lucia Mashaba Paula Ntombikayise Mandlakazi Masondo Banele Prince Mathebula Rose Dineo Mathisa Sylvie Nadege Mkhabele Khutso JeremiahMogale Kagiso Molamu Molefe Ofentse Vusumuzi RobertMpungose Minenhle Zwelihle Mzimkhulu Siyambulela Siyavuya Naidoo Shantell* Naidu Mayindren Ndaba Nqobile VeronicaPewa Ignatia Bongiwe Phatswane Lebogang Tladi Seipei Toona Makoma Rosina

Surname Name


The following individuals were the top performers in the respective modules:

Commercial Forensic Accounting (CFA)

Wilhelm van Heerden McLachlan

Commercial Forensic Investigation (CFI)

Danika Linda Alberts

Commercial Forensic Information Technology (CFIT)

Yvette Tracey-Bornman

Commercial Forensic Law (CFL)

Practice and Fraud Risk Management (PFRM)

Nicole Botha

Sunitha Cassim


2017 Breakfast Sessions

24 February 2017

21 July 2017 (AGM)

6 October 2017

2017 Development Sessions

13 - 15 March 2017 (Gauteng - Durban - Cape Town)

7 - 9 June 2017 (Gauteng - Cape Town - East London)

18 - 20 September 2017 (Cape Town - Durban - Gauteng)

15 - 17 November 2017 (Bloemfontein - Cape Town - Durban)

Centre of Excellence

30 - 31 October 2017

Upcoming events 2017

*Event dates are subject to change


WE OFFER THE FOLLOWING SHORT COURSES:• Certificate in commercial forensic accounting• Certificate in commercial forensic law• Certificate in commercial forensic investigation• Certificate in commercial forensic information technology• Certificate in practice and fraud risk management

For more informationhttp://commerce.nwu.ac.za/business-and-governance/forensic-accountancy

WHY FORENSIC ACCOUNTANCY AT THE NWU?• The NWU is the only university in the country that offers specialised undergraduate,

honours, master’s and PhD degrees in forensic accounting.• The NWU has the largest dedicated group of professional lecturers in Forensic Accounting

in South Africa.• A great emphasis on contact with important role-players in the market by means of guest

lecturers and vacation work for students.• Positive feedback from employers pertaining to the high quality of our students’ skills.

CONTACT USAlbert van Zyl018 299 4420

[email protected]


CENTRE OF EXCELLENCE

The ICFP is proud to introduce its Centre of Excellence (“COE”) – where selected individuals in the commercial forensic sphere will have the opportunity to gain simulated experience of court proceedings and the experience of testifying.

WHO SHOULD ENROLL?Appearing in court is a critical aspect of a commercial forensic practitioner’s career. The opportunity to be tested in a simulated and “safe” environment is unique and can make all the difference.Forensic practitioners who are likely to be required to give evidence in legal proceedings should consider putting their names forward. Applicants should have experience of the full spectrum of commercial forensic investigations and preparation of forensic reports, including the interpretation of evidence and conversion of findings to conclusions.

HOW WILL THE COE PROGRAM OPERATE?Candidates receive a case study and study material electronically. They participate in webinars with a view to being prepared for the full simulations in 30 & 31 October 2017. Each candidate will prepare for simulated court proceedings, testify in front of a judge, and be cross-examined. The session will be video recorded.

The ICFP will select the most suitable 50 candidates from applications meeting the required criteria.

HOW?Interested candidates should submit their application online at https://www.icfp.co.za by 15 February 2017.

• Completed online COE application form at https://www.icfp.co.za/centre-excellence-enrollment-form.html• Complete CV online; • Attach letter of recommendation; and• Provide a personal motivation setting out why you would like to participate.

Candidates will be informed by 15 March 2017 whether they have been successful in entering the COE. The ICFP’s decision in this regard will be final.

WHEN?Six webinars will take place for 1 to 1.5 hours on Saturdays in 2017 and on 30 and 31 October 2017, candidates will physically attend a two day workshop in Gauteng where the simulated court and proceedings will take place.

COSTR10 000.00 excluding VAT for non-ICFP members and R5 000.00 excluding VAT for ICFP members.

WHERE?Nedbank Olwazini in Muldersdrift, Gauteng


Chris de Beer

Executive Manager

Tel No: +27 12 663 1961

Cell No: 082 902 4667

Email: [email protected]

Madeleine du Preez

Administrator

Tel No: +27 12 663 0193

Email: [email protected]

Contact us

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THE FORENSIC PRACTITIONER - ICFP · Forensic accounting is driven by detail and due ... Career history Degree: Accounting Honours. ... THE FORENSIC PRACTITIONER