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Prioritising the Fight Against Fraud: A Strategic Approach

Practice, teach, prevent, detect and deterrent fraud in SA

The Association of Certified Fraud Examiners (ACFE) is an international, professional organization dedicated to fighting fraud and white-collar crime. As fraud becomes increasingly more prevalent and complicated in the 21st century, the ACFE continually research and develop new publications, self-study products, and cutting-edge fraud training designed to educate and prepare fraud examiners for the challenges they face. There is no better time than today to enhance your career and invest in your future by becoming a Member

Practice, teach, prevent, detect and deterrent fraud in SA

The South African Chapter The need to raise the standard of fraud examination in South Africa and for a professional body which was not limited to a specific profession such as accounting or law, resulted in the establishment of a local chapter in 1998 with the mission to provide a community environment in which local forensic examination practitioners can associate. This chapter is a collection of individuals from all industries and professionals, who all have a single goal in mind; the reduction of white-collar crime.

Practice, teach, prevent, detect and deterrent fraud in SA

ACFE OVERVIEW

MISSION

To reduce incidence of fraud and white collar crime through prevention, education and the ability of having a community environment in which local forensic examination practitioners can associate.

Practice, teach, prevent, detect and deterrent fraud in SA

The ACFE REPORT TO THE NATION states that average

• rganization annually loses 5% of its revenues to fraud.

The total loss caused by the 2410 cases in our study exceeded US$6.3 billion (R82,1 billion), with an average loss per case of US$2.7 million (R35,2 billion)

• In South Africa this equates to a potential loss of more than R160

Billion annually due to fraud = ±2,4 mil houses.

• Globally as much as $3,7 trillion / R48,2 trillion are lost due to

fraud annually.

Practice, teach, prevent, detect and deterrent fraud in SA

Practice, teach, prevent, detect and deterrent fraud in SA

Practice, teach, prevent, detect and deterrent fraud in SA

Practice, teach, prevent, detect and deterrent fraud in SA

Practice, teach, prevent, detect and deterrent fraud in SA

Occupational Fraud and Abuse Classification System

Practice, teach, prevent, detect and deterrent fraud in SA

Detection in Africa — 111 Cases

Practice, teach, prevent, detect and deterrent fraud in SA

Detection in Sub-Saharan Africa

Practice, teach, prevent, detect and deterrent fraud in SA

Practice, teach, prevent, detect and deterrent fraud in SA

SIGNATURE

Practice, teach, prevent, detect and deterrent fraud in SA

CFE as a career path for investigators and auditors

Practice, teach, prevent, detect and deterrent fraud in SA

Benefits

1. LEARNERSHIP - CERTIFICATE: FORENSIC PRACTITIONER 2. CFE SAQA QUALIFICATION - ADV. CERT. FRAUD EXAMINER (NQF7) 3. PRACTICAL TRAINING

• 4. ETHICAL STANDARDS

5. REGULATING OF THE FORENSIC INDUSTRY

• 6. NETWORKING PLATFORM

7. SHARING OF INFORMATION AND SKILLS

• 8. TECHNICAL UPDATES
• 9. ACCESS TO THE ACFE FORENSIC ENQUIRY

SYSTEM.

• 10. INTERNATIONALLY ACCEPTED

Practice, teach, prevent, detect and deterrent fraud in SA

MEMBERSHIP

• Affiliate Membership: Local membership only
• Associate Membership: International membership
• CFE Membership: Credential
• Student Membership: For full-time students only
• Corporate Membership: Companies with 1-20, 20-50, and 51+

Practice, teach, prevent, detect and deterrent fraud in SA

CFE Exam

• International
• 4 Modules

✓ Financial transactions ✓ Law ✓ Investigations ✓ Deterrence (Risk Management, Criminology, Ethics)

• Online course – multiple choice (4 x 125 questions)
• Exam needs to be completed within 30 days
• Study options (classes / self-study)
• RPL or qualification
• Remember to maintain your CPE requirements – 20 hours

Practice, teach, prevent, detect and deterrent fraud in SA

• Local professional status
• National Professional Database
• SAQA Accredited  NQF 7
• Ex Officio Commissioner of Oath
• International designation and recognition

Practice, teach, prevent, detect and deterrent fraud in SA

Different ACFESA Forums

• Medical Health
• Intelligence Gathering Forum
• Forensic Standard Forum

✓Handwriting ✓Cyber Forensics ✓Network security ✓Polygraph ✓Fingerprint ✓Fire ✓Voice Stress Analysis & Voice Analysis

• AML

Practice, teach, prevent, detect and deterrent fraud in SA

COLLABORATION: FIGHTING FRAUD TOGETHER

Practice, teach, prevent, detect and deterrent fraud in SA

ACFE CHAPTERS IN AFRICA

• Botswana – SA Region
• Ghana - Ghana Chapter #155
• Kenya - Kenya Chapter #134
• Lesotho
• Malawi
• Mauritius - Port Louis Chapter #135
• Namibia – SA Region
• Nigeria - Abuja Chapter #179

Request for ACFE AFRICA

• Nigeria - Nigeria Chapter #126
• South Africa - South Africa Chapter #91
• Swaziland
• Tanzania -Tanzania Chapter #166
• Uganda - Uganda Chapter #147
• Zambia – SA Region
• Zimbabwe - Zimbabwe Chapter #128

Practice, teach, prevent, detect and deterrent fraud in SA

You need to change your own career...

ACFESA Acc / Audit Legal Investigator Cyber

Science

ACFE  (CFE) Learnership

Practice, teach, prevent, detect and deterrent fraud in SA

CONTACT DETAILS

ACFE SA no.: 012 346 1319 E-MAIL: jaco@acfesa.co.za / memberservices@acfesa.co.za Web: www.acfesa.co.za