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 yourfuture 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 organization 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 TRAINING4. ETHICAL STANDARDS5. REGULATING OF THE FORENSIC INDUSTRY6. NETWORKING PLATFORM7. SHARING OF INFORMATION AND SKILLS8. TECHNICAL UPDATES9. 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