FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS |
SA's national litigation, corporate & government private intelligence, private/forensic investigation/auditing, loss & risk management specialists.
performance of a FINANCIAL ASSESSMENT INVESTIGATION ('FAI') of entities
and/or natural persons is almost always a component of all forensic investigations
under taken by FSG, especially those involving
FINANCIAL CRIME & CORRUPTION, and
may, for example, from part of performing a BACKGROUND
CHECK INVESTIGATION ('BCI'), and components of the FAI may be the
subject of THIRD PARTY TRACING ('TPT'.)
FSG is also regularly instructed by LEGAL PRACTITIONERS and CORPORATE CLIENTS to perform a FAI on a person or entity for reasons that include a due diligence exercise when one party is considering entering into an agreement with another, making an assessment of whether the cost and effort of commencing a litigation process to recover a large debt is justified, to establish where the assets of a person or entity who is the subject of a litigation process to recover a substantial debt are to be located, and in preparation for liquidation/sequestration or Sec 65 interrogations.
The performance of FAI is one of the most common types of forensic investigation undertaken by FSG.
In the OVERVIEW page of our SERVICES MENU, we have already commented that FSG does not merely 'sell' forensic investigation, forensic auditing, tracing and risk management services, but rather has developed numerous specific service products that find expression in SERVICE PROFILES that define the scope of work of a forensic investigation, forensic audit, tracing or risk management service, puts fee estimates to the service product in question, and allows FSG and client to arrive at, and agree to, a budget to perform the task.
FSG has produced separate Service Profiles for each of our two types of FAI that can be downloaded in PDF format from our SERVICES PROFILE page:
These FAI SERVICE PROFILES have been made extremely user friendly and have enjoyed popularity with our attorney clients especially:
Information provided in the FAI report is obtained from databases that are in the public domain or to which we have access by subscription (including those referred to in the DATABASE INTELLIGENCE page of our website), is obtained by questioning various people and/or conducting certain periods of surveillance, and is obtained by consulting confidential informants who provide FSG access to confidential databases for the purpose of:
It is to be noted that these latter records are obtained illegally, using confidential informants that we have established over a period of many years. Consequently, such records:
The objectives of a FAI are to:
If the subject of an FAI is a NATURAL PERSON who has shareholdings in ENTITIES, it is necessary to perform a FAI on each such entity to establish the value of the natural person's equity in such entities, and to perform an FAI on the natural person in which the value of equity in entities is included in the statement of assets and liabilities of the natural person.
Given the scope of work of FAI, and the cost or purchasing confidential records/information from confidential informants, FAI are not inexpensive and are probably only justified when the debt to be recovered or the value of the intended transaction with the subject of the FAI exceeds approximately R 350 000 if the subject is a natural person who does not have interests in entities, or is an entity, or R 500 000.00 if the subject of the FAI is a natural person who is a shareholder of entities.
Fohla Security CC
t/a FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS |