FORENSIC INVESTIGATION AND LITIGATION SUPPORT SERVICES

The opportunity for fraudulent activity exists in every organisation. It causes a financial loss, reputational risk and can affect staff morale and productivity.

Fraud becomes prevalent when poor systems and controls provide easy opportunities, and when an organisation does not set clear rules and boundaries for behaviour which are understood by every employee. At OMA, we believe that developing and promoting an ethical corporate culture is the best method to prevent and detect fraud.

Each business is unique in its approach to risk. Our job is to define the current culture, evaluate all possible risks, and advise on ways to manage identified risks. We support fraud risk management activities by:

  • Facilitating risk identification and quantification
  • Preparation of risk registers
  • Developing risk management frameworks
  • Creating organisational risk management policies
  • Providing risk management training

We have a proactive three-pronged approach to fraud risk management which includes:

PREVENTATIVE EDUCATION

  • Development of Business Integrity Policies
  • Ethics awareness training
  • Fraud awareness training
  • Whistleblower policies and mechanisms for reporting

 

RISK ANALYSIS

  • Ethics surveys to measure attitudes to fraud
  • Detection and monitoring of employee external interests which may lead to fraud
  • Fraud Risk Assessments, Fraud Risk Registers and Fraud Prevention Roadmaps
  • Fraud trend analysis

ACTION ON FRAUD

  • Fraud and Corruption Response Plans
  • Fraud investigation methodologies
  • Guidance on evidence gathering and how to conduct investigations

FORENSIC INVESTIGATIONS

As soon as fraud is suspected, it’s crucial to start a process of investigation with the aim to identify culprits, recover losses and take the necessary steps to prevent a recurrence.

OMA has the skills and experience to manage an investigation from initial suspicion to successful conclusion. We collate and analyse evidence in an objective and professional manner with the aim to bring the matter to a speedy resolution with minimum disruption to the organisation.

Our Litigation Support specialists act as expert witnesses in court to assist in obtaining successful prosecutions in fraud cases.

The types of investigations OMA conducts include but are not limited to:

  • Bribery and corruption
  • Tender rigging
  • Procurement fraud
  • Stock losses/inventory theft
  • Misappropriation of assets
  • Payroll fraud including ghost employees, overtime abuse and expense claim fraud
  • Point of Sale fraud including under recording of sales, cash shortages and suspicious void transactions
  • Manipulation of accounts

OUR TEAM

Forensic investigation is a specialised field, requiring the services of a multi-disciplinary team to ensure success. The OMA team is comprised of chartered accountants, legal experts and forensic specialists, working under the guidance of two industry recognised experts with extensive public and private sector experience.

OSMAN MOOSA CA (SA) FORENSIC AND LITIGATION SUPPORT SPECIALIST

Osman Moosa, the managing partner of OMA, is also the national head of the forensic investigation and litigation support service line.

He has extensive experience in forensic investigations and litigation support, having advised a wide range of clients on risk management, fraud prevention and fraud detection. He has substantial experience in complex commercial fraud matters in the private and public sector and has recovered substantial sums for clients. His experience in a wide variety of cases enables him to provide litigation support in commercial crime cases. He has also been involved in investigations into negligence and breach of fiduciary responsibility of company directors and office bearers.

CARL VENTER CFE, (FP) SA, CFIP – FORENSIC INVESTIGATION SPECIALIST

Carl Venter leads the forensic team. He has decades of experience in fraud risk management and forensic investigations and is a Certified Fraud Examiner as well as a member of the International Institute of Certified Forensic Investigation Professionals. He has conducted high profile fraud and investigation cases locally and internationally in both the private and public sectors. He has been called to testify in criminal and civil cases as well as at internal disciplinary hearings.

Carl lectures on Financial Crime and Forensic Investigation and co-authored the book, “How to deal with White Collar Crime.”