Articles
Congratulations to Anél de Bruyn who has earned the esteemed CFE credential from ACFE
DML Forensics is proud to announce that our Forensics Manager, Anél de Bruyn, has earned the esteemed Certified Fraud Examiner (CFE) credential from the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organisation and leading provider of anti-fraud training and education. In order to become a CFE, Anél [...]
Key considerations for detecting Tax Invoice Fraud
Tax invoice fraud is a form of malpractice in which scammers submit fake or falsely detailed invoices or payment requests to businesses, hoping to deceive them into making payments. This type of scam can result in significant financial losses for the targeted businesses. This article aims to outline the legal [...]
Understanding Lifestyle Audits
Corrupt schemes are often difficult to detect because they are designed to be inconspicuous. Sudden and unexplained changes in an individual's lifestyle and behaviour may be the only clue that an individual is benefiting from corrupt activities. However, an extravagant lifestyle alone does not provide conclusive evidence of criminal activities [...]
Cover Quoting in the Procurement Process
Cover quoting is a fraudulent scheme that undermines competitive bidding for goods and services, not only in the public sector but also in the private sector. The consequences for entities are severe due to corruption, inflated costs, and increased fraud risks. In the procurement process, the concept of competitive bidding [...]
Managing Conflicts of Interest
To effectively manage conflicts of interest, it is essential to first grasp how these conflicts arise. At the core of any conflict of interest lies the principle-agent relationship. The principle-agent relationship occurs when an agent acts on behalf, and importantly in the best interest of a principal. A simple example [...]
Section 34A – Prevention and Combatting of Corrupt Activities Act 12 of 2004 (‘PRECCCA’)
South Africa has received additional ammunition in its fight against corruption with the recent introduction of Section 34A in the Prevention and Combatting of Corrupt Activities Act 12 of 2004 (‘PRECCA’). In recent years, doubts have emerged regarding the effectiveness of South Africa's anti-corruption measures. The findings of the State [...]