FORENSIC ADVICE AND SUPPORT
We do not believe that we should only be involved with our clients when incidents that require investigation arise. Significant value can be added by being the trusted advisors to our clients on any matters having a bearing on forensic audit and investigations.
DISPUTE ANALYSIS AND LITIGATION SUPPORT
So often contractual and other business disputes arise between parties which necessitate resolution through legal and other intervention
FORENSIC AUDIT AND INVESTIGATIONS
More and more organisations are impacted by fraud, corruption and irregularities and even those that have not, the perpetual exposure to this exist. This invariably leads to direct and indirect, tangible and intangible losses to the affected organisations.
Proactive Forensic Assessment
We maintain that for any organisation to suffer fraud and/or irregularities is unfortunate, but for an organisation to be impacted and not know about it is much worse.
Internal Audit Services
Traditionally, internal audit was geared at cyclical and compliance-based audits. This had a myriad of limitations as it did not help organizations to achieve their set objectives.
ENTERPRISE Risk Management Services
Enterprise-wide risk management (EWRM) provides organization with frameworks to manage risks in an organization.
Governance and Consulting
Our extensive experience enables us to provide client-focused consulting services that assist our clients to improve their governance processes.
Fraud Risk Management
We believe that managing fraud and corruption should not just be based on specific events that have been identified but should seek to embed a culture of fraud awareness, ongoing management and appropriate responses.
DIGITAL FORENSICS
As the world becomes more computerised and interconnected through computer networks and the internet, not only will our work become digital, but the nature and forms of crimes will mutate and become more complex.
FORENSIC ADVICE AND SUPPORT
We do not believe that we should only be involved with our clients when incidents that require investigation arise. Significant value can be added by being the trusted advisors to our clients on any matters having a bearing on forensic audit and investigations.
These may include matters such as:
- Giving inputs to the development of fraud hotlines
- Advising clients on fraud hotline reports, i.e. whether allegations need investigation or not
- Advising on internal structures to deal with fraud and related risks
- Advising of appropriate action where incidents have occurred or are suspected
- Assessing findings of internal audit and other reports which may highlight risks of fraud and/or irregularities and advise on this
DISPUTE ANALYSIS AND LITIGATION SUPPORT
So often contractual and other business disputes arise between parties which necessitate resolution through legal and other intervention. In most instances, such disputes have monetary implications for the parties which may need determination.
We provide expert accounting services on behalf of clients to:
- Determine the nature of such disputes in the context of contractual or other business arrangements
- Determine the monetary values involved in such disputes
- Quantify amounts on behalf of clients
- Provide support to litigation teams, where appropriate
- Testify in appropriate forms, e.g. court or arbitration, in respect of our findings
FORENSIC AUDIT AND INVESTIGATIONS
Where organisations have been affected by fraud, corruption and irregularities, we assist in:
- Understanding the nature of the alleged or suspected incidents
- Agreeing on the terms of reference with the client
- Conducting the actual investigation
- Reporting our findings and making appropriate recommendations in that regard
We have extensive experience of court and disciplinary hearing appearances as expert witnesses and in support of our findings.
Our investigations include, among others:
- Complex financial accounting fraud
- Fraud and/or corruption
- Recruitment and other HR irregularities
- Misappropriation of funds and/or assets
- Contractual disputes
- Inspections in terms of the Companies Act
- Curatorship in terms of the Financial Services Board Act
- Investigations on behalf of law enforcement and regulatory bodies.
Proactive Forensic Assessment
We maintain that for any organisation to suffer fraud and/or irregularities is unfortunate, but for an organisation to be impacted and not know about it is much worse. It is thus incumbent on organisations to have in place proper mechanisms that will ensure they have reasonable ability to prevent fraud and/or irregularities.
Accepting that no fraud prevention systems can be foolproof, organisations should at least be in a position to detect such transgressions should they occur.
It is in this context that we assist organisations by:
- Assessing and/or formulating their anti-fraud policies, plans and programs
- Periodically performing ongoing monitoring of financial activity
- Performing analytical reviews on financial records
- Ongoing reviews of compliance to policies and procedures.
Internal Audit Services
We believe that, to add value in an organisation, an internal audit function must engage in vigorous on-going discussions with stakeholders to bridge any expectation gaps that may exist.
At Ligwa, we offer our clients internal audit services, both on an outsourced and co-sourced basis, which focus on organisational strategy, risks and opportunities.
We have successfully delivered various internal audit reviews to our clients, including:
- Operations
- Financial Management and Reporting
- Human Capital
- Risk maturity
- Procurement (including pro-active reviews)
- Performance
ENTERPRISE Risk Management Services
Enterprise-wide risk management (EWRM) provides an organisation with frameworks to manage risks in the organisation. EWRM focuses on the entire organisation rather than selected business units within the organisation.
We assist organisations to map their long-term and short-term strategic objectives to risks and opportunities. Risks (and opportunities) are evaluated in terms of likelihood and impact; a comprehensive and integrated response strategy is determined, and progress is monitored on a regular basis.
EWRM also recognises that risks (and opportunities) within an organisation are dynamic, therefore the risk management processes become continuous and not a once-off event.
We provide organisations with the following solutions that can assist in managing risks at an enterprise-wide level:
- Risk management strategy
- Risk management policy
- Risk assessments
- Risk management coordination services
Governance and Consulting
Our extensive experience enables us to provide client-focused consulting services that assist our clients to improve their governance processes. These include:
- Corporate governance services (including training)
- Development of combined assurance frameworks
- Review of internal audit effectiveness
Fraud Risk Management
We believe that managing fraud and corruption should not just be based on specific events that have been identified but should seek to embed a culture of fraud awareness, ongoing management and appropriate responses.
Our approach to fraud risk management (FRM) is designed to ensure a sustainable fraud risk management programme within the organisation.
Our approach includes the key elements; prevention, detection and response.
We offer the following FRM services to our clients:
- Fraud risk management reviews
- Fraud policy (including fraud response)
- Fraud prevention plan
DIGITAL FORENSICS
As the world becomes more computerised and interconnected through computer networks and the internet, not only will our work become digital, but the nature and form of crimes will mutate and become more complex.
Computer forensics is the process of uncovering and interpreting all types of electronic data including computers, servers and mobile phones. The aim of the process is to preserve any evidence in its most original form while performing a structured investigation by collecting, identifying and validating the digital information for purposes of reconstructing past events.
Some of the services we offer to our clients includes:
- Imaging of computers (laptops and desktops)
- Imaging of mobile device (cell phones and tablets)
- Imaging of external storage media such as hard drives
- Extraction and imaging from servers
- Network forensics
- Analysis of electronic evidence under investigation
- Discovery services such as mailbox extraction
- Forensic data recovery
- Data analytics