INTERNATIONAL FRAUD WEEK

Association of Certified Fraud Examiners

CORRUPTION ATTACKS PRINCIPLES OF HUMANITY

WHY IS FRAUD AWARENESS WEEK IMPORTANT?

• The seriousness of the global fraud problem is one of the reasons why the ACFE has started the International Fraud Awareness Week – to promote anti-fraud awareness and education.

• The initiative known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business against fraud losses.

• Hundreds of organisations have partnered with the ACFE, the world's largest anti-fraud organisation and the premier provider of anti-fraud training and education, amongst others, during the Fraud Week Campaign annually.

• During Fraud Week all official supporters engage in various activities, including:

• Hosting fraud awareness training for employees and/or the community

• Conducting employee surveys to assess levels of fraud awareness within their organisation

• Publishing articles on company websites and in newsletters, and

• Collaborating with local media to create awareness in the wider public.

IN THE NEWS

• “The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” said CEO and President of the ACFE International, Jim Ratley.

• “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organisations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

• “Since our first Fraud Week more than 10 years ago, the movement continues to grow,” said Ratley. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”

OCCUPATIONAL FRAUD AND ABUSE CLASSIFICATION SYSTEM

ABOUT THE ACFE

• The Association of Certified Fraud Examiners (ACFE) is an international professional

organisation dedicated to the fight against fraud and white-collar crimes.

• The increase in fraud prevalence and the complicated 21st century schemes emerging,

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!

HOW CAN THE ACFE IMPROVE YOUR SKILLS?

The ACFE adds tremendous value, amongst others, with:

Fraud Prevention Check-ups

Anti-Fraud Training Programs

Profiling of Fraudsters

Tips and advice to organisations

Fraud of the Day Alerts – a spotlight on Public Service Fraud

The Role of the Board of Directors in Risk Management

Report to the Nations - annual fraud trends

Managing the risk of fraud to business

Occupational Fraud – Studies in terms of the impact

Regular Fraud Newsletters

www.fraudweek.com/resources

MISSION

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.

The mission was, and still is, to provide a community environment in

which local forensic examination practitioners can associate.

The SA Chapter consists of a team of individuals across all industries,

government and even professions – ALL with a single goal in mind:

To reduce of white-collar crime in South Africa.

WHO/WHAT IS A FORENSIC PRACTITIONER?

The word forensic is defined by Black’s Law Dictionary as “used in or suitable to courts of

law or public debate.” Therefore - forensic accounting or - investigation is litigation

consulting which involves both accounting and investigation.

Forensic accountants/auditors: Professionals who assist with legal matters

encompassing financial investigation, litigation-support and dispute resolution. This

include areas such as fraud prevention through the use of accounting-, auditing-, and

investigative skills

Fraud prevention: Relates to services and skills aimed at deterring/avoiding or predicting

fraud and other types of abuse and misconduct

WHY DO YOU NEED TO MAKE USE OF A

CFE?

• Skillset – International qualification

• Experience – Investigative & Advisory

• Network - Intelligence

• Regulated – Standards and conduct

• Ethical - Ethics and Professional

Standards

OUR MEMBERSHIP PORTFOLIO

Members comprise of, amongst others:

• Accounting

• Audit professionals

• Special and specialist investigators

• Law enforcement

• Loss prevention and risk specialists

• Attorneys and Prosecutors

• Magistrates and Judges

• Business and public service managers and

executives

• Academia, graduates and students

• Anti-fraud consultants

CODE OF ETHICS AND PROFESSIONAL STANDARDS

A Certified Fraud Examiner will, at all times:

Demonstrate a commitment to professionalism and diligence in the performance of his or her duties.

Not engage in any illegal or unethical conduct or any activity which would constitute a conflict of interest.

Exhibit the highest level of integrity in the performance of all professional assignments and will accept only assignments

for which there is reasonable expectation that the assignment will be completed with professional competence.

Comply with lawful orders of the courts and will testify to matters truthfully and without bias or prejudice.

In conducting examinations, will obtain evidence or other documentation to establish a reasonable basis for any

opinion rendered.

Not express opinion regarding the guilt or innocence of any person or party.

Not reveal any confidential information obtained during a professional engagement without proper authorization.

Reveal all material matters discovered during the course of an examination which, if omitted, could cause a distortion of

the facts.

Continually strive to increase the competence and effectiveness of professional services performed under his or her

direction.

MEMBERSHIP BENEFITS

INTERNATIONALLY ACCEPTED AND

ACCREDITED • Career path:

o Learnership program

o SAQA Qualification - NQF 7

• Access to a network of experienced professionals

(11,500+)

• Practical training framework for practitioners

• “How to” guidance and formal standards

• Regular discussion and training forums

• Annual workshops on fraud examinations

• Discounted participation at CFE-endorsed events

• Technical updates and ethical standards

• Opportunity to continuous learning - CPE points

• Electronic newsletters

• Video library

• ACFE Forensic Enquiry System

• Regulating of standards and conduct of Forensic

Practitioners

OTHER PROFESSIONAL

BODIES

– CIPC - Companies and Intellectual Property Commission

– Compliance Institute of SA

– Ethics Institute of SA

– ESAAG

– FPI - Financial Planning Institute

– ICASA

– IIA - Institute of Internal Auditors

– IoD - Institute of Directors

– IRMSA – Institute of Risk Management of SA

– SAICA - South African Institute of Chartered Accountants

– SAIPA – South African Institute of Professional Accountants

– PSIRA - Private Security Industry Regulatory Authority

TRAINING LEVEL: INTERNATIONAL STANDARDS

CFE EXAM

Step 1: Apply to international ACFE (acfe.com) for Associate Membership Step 2: Apply to ACFE SA for Associate Membership Step 3: Pay for ACFE SA membership (will receive this from Melanie Venter) Step 4: Register for CFE course at the ACFE international Step 5: Buy the Prep Course from International ACFE and study material from the ACFE SA OR attent one of our preparation courses. You need a degree and two years experience in the forensic, accounting, auditing or law profession to qualify for the course. If you do not have a degree, then you need a minimum of 7 years experience in the related fields.

• Structure:

o 4 Modules

Financial Transactions

Law

Investigations

Deterrence (Risk Management, Criminology, Ethics)

• Local professional status National Professional Database

• SAQA Accredited NQF 7

• RPL or qualification International designation

TRAINING COURSES

Cyber investigations

Fingerprint taking and analysis

Financial statement fraud

Forensic document examination

Intelligence driven investigations

Insurance & Assurance fraud

Medical Health Fraud Schemes

Mortgage Fraud Schemes, etc.

Procurement fraud schemes

Occupational fraud schemes

Report Writing skills

Risk Management

SA and international Law

Surveillance and counter surveillance

COLLABORATION: FIGHTING FRAUD TOGETHER

FRAUD IS LIKE A DRUG – DON’T FALL IN THE TRAP

• CEO – Jaco De Jager

• Member Services – Nelly Khoza

Tel: (012) 346 1913 / 23

Fax: (012) 346 1927

• Email memberservices@acfesa.co.za

• Website www.acfesa.co.za

• ACFE SA Fraud Hotline - 0800-000-323 - acfesa@beheard.co.za