FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS | GUARDS
SA's national litigation, corporate & government private intelligence, private/forensic investigation/auditing, loss & risk management specialists.
FSG  is a LEVEL 4  B-BBEE
Accredited Company

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HEAD OFFICE DETAILS
Telephone
+27 (0) 86 1000 979
Fax
+27 (0) 86 5168 722
Mobile
+27 (0) 83 7841 523
Postal Address
PO Box 17, Pavilion,
3611, South Africa
Physical Address
7 Cedar Road, Westville,
 3629, South Africa
PSIRA Reg. No.
1144490
Email Address
fohladbn@yebo.co.za


FSG has corporate offices in:
DURBAN
CAPE TOWN
JOHANNESBURG
- and field agents in every Magisterial District in SA.

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Prospective employer to lady being interviewed for a position as a Secretary: "Can you tell me what is the difference between a paper clip and a screw?"
Applicant: "Heck, I don't know. I have never been paper- clipped before!"


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FORENSIC AUDITS & RISK MANAGEMENT

We carry forward three statements made elsewhere in our website that are the point of departure for explaining FSG's FORENSIC AUDITING and RISK MANAGEMENT services.

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The first is that FSG takes the view that RISK MANAGEMENT is the flipside of the coin of FORENSIC INVESTIGATION.

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The second is that auditing (and we mean FORENSIC auditing as, like for INVESTIGATIONS, we performs audits either in the context of a litigation process or in anticipation that the process and result of an AUDIT may become the subject of a litigation process) IS AN INVESTIGATIVE PROCESS as AUDITING means comparing one thing (what SHOULD have happened) with another thing (what DID happen). Furthermore, we have stated that we adopt the approach of SCIENTIFIC METHOD when conducting AUDITS - because we adopt the same approach when conducting a FORENSIC INVESTIGATION.

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The third is that an INVESTIGATION (and by implication, an AUDIT - because an AUDIT is a form of INVESTIGATION) that is not forensic in nature SERVES NO PURPOSE

These three premises pave the way for FSG to make a FOURTH principled statement, namely that the CONSTRUCTION of a RISK MANAGEMENT EXERCISE is PROPERLY the PRODUCT of a FORENSIC AUDIT, and furthermore that a RISK MANAGEMENT EXERCISE that is the product of a FORENSIC AUDIT is itself forensic in nature (RISK MANAGEMENT EXERCISES are not usually performed in the context of a litigation proceeding, but they should nonetheless be conducted in the anticipation of one as the results of a RISK MANAGEMENT EXERCISE can be used in evidence in a litigation process.) For these reasons, our website addresses FORENSIC AUDITS and RISK MANAGEMENT EXERCISES together.

A RISK MANAGEMENT EXERCISE is simply defined as the implementation of a set of rules, procedures and methodologies - in respect of which compliance can be measured - for the purpose of eliminating or mitigating the risk to loss and/or actual loss.

FSG has constructed a number of FORENSIC LOSS AUDITS, the purpose of which is to identify the risk to loss and/or to quantify actual loss incurred for two purposes:

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The first purposes is several things; to identify loss, to identify those responsible for loss, to identify those responsible for managing a loss risk but who fail to do so, to sanction both those responsible for loss and those who are responsible for managing loss risks and who fail to do so, and to recover that which was lost. Because success sanction and successful recovery may only be possible through a litigation process, the AUDIT must be FORENSIC.

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The second is to construct and implement a RISK MANAGEMENT EXERCISE to prevent the future occurrence of identified past lost and potential future loss.  By making the RISK MANAGEMENT EXERCISE measurable we also make it FORENSIC as it then has the capacity to identify the persons who are responsible for future loss (either because such a person executed a loss act or because someone tasked to manage the RISK MANAGEMENT EXERCISE that was implemented to prevent the occurrence of that loss failed to do) so that they can be sanction and the loss can be recovered if necessary through a litigation process.

FSG has developed a generic audit process that we have labeled THE OPERATIONS RISK AUDIT ('ORA') that can be applied to AUDIT any process or operation of an entity, or ALL processes and operations of an entity, to identify past losses and the risk to loss of all or specific processes and operations. The ORA compares what should have been the case with what actually is the case, that:

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When combined with a FORENSIC INVESTIGATION can identify what was lost, how it was lost and who was responsible for the loss, for the purpose of sanction and recovery, and/or

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Can provide the basis for the construction and implementation of a RISK MANAGEMENT EXERCISE for the purpose of eliminating or mitigating the future occurrence of identified past loss and potential loss.

In addition to its generic ORA, FSG has also developed several specific applications of its generic ORA, namely:

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The FINANCIAL FORENSIC AUDIT, which has two components:

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The comparison of the financial records of an entity with the actual trading activity of the entity for the purposes of establishing that the financial records of the entity accurately reflect the actual trading history of the entity.

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The comparison of the manner in which the financial records of an entity are maintained with the general and accepted principals of accounting ('GAAP').

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The HUMAN RESOURCES RISK AUDIT, which compares actual recruitment practices, disciplinary procedures. compliance with all related statutory obligations, time keeping practice and work performance with what is prescribed for the entity in respect of these issues.

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The SECURITY RISK AUDIT, which examines the unique security risks of an entity and assesses the effectiveness of installed security interventions including manpower, physical installations (lighting, fencing, physical barriers and alarm, access control, CCTV and other security electronics systems), security procedures (security function job description, individual guard posting job descriptions, cash and valuable goods handling, key control, lock-up procedures, emergency procedures, etc.), and defines the manner in which the entity and the security service providers it retains, should comply with relevant statutory prescriptions, and compares these with what is actually the case.

 

We record that we are also busy constructing a CORPORATE GOVERNANCE AUDIT.

 

It is also to be noted that the mere performance of the ORA is itself a RISK MANAGEMENT EXERCISE for it demonstrates to the employees of an entity that the shareholders/persons with vested interests are being proactive in enforcing compliance with what should be the case.

 

For further details, please download the relevant Service Profile from the SERVICE PROFILE page, or click the EMAIL button to request a Service Profile.

Click INVESTIGATION-AUDIT-R/MAN on our TERMS & CONDITIONS page to view our FORENSIC AUDITS & RISK MANAGEMENT Terms and Conditions of service.

Fohla Security CC t/a FSG FORENSIC INVESTIGATORS & AUDITORS | TRACERS | RISK MANAGERS | GUARDS
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