Data Analytics, Fraud Risk Management & Forensic Investigation

Investigations are typically initiated by a whistleblower complaint or a tip, internal audit, or regulatory action, often carried out by the company or its board of directors. These investigations are commonly led by outside counsel or in-house legal teams.  Specialized industry knowledge is required for investigations, compliance programs, internal controls, and technical accounting matters, addressing issues through digital data forensic accounting investigations and compliance, ensuring impartiality throughout the process.

Whether the allegations involve accounting fraud, inventory fraud, time scheduling fraud, bribery, embezzlement, Ponzi schemes, or other corporate misconduct, our data professionals are equipped to handle the situation.

Financial & Accounting Forensics

Fraud Risk Management

Employee Fraud Awareness Training

Fraud analytics and investigation allows companies to identify fraudulent and suspicious behaviour within a company through comprehensive digital forensics exploration in developing company-specific anti-fraud controls and risk analyses through risk management services.

Data Active takes company data to solve company crimes, whether it be transaction-based, inventory-based, corruption etc, Data Active assists companies in taking back what is theirs via controls, revenue, and ownership.

A fraud analyst is a professional who provides expert assistance to companies on prevention, investigation, detection, and response plans for potential fraud schemes within a company.

Reporting in April 2024 the Statista Research Department stated  “In the fiscal year 2022/2023, the number of commercial crimes recorded by the South African Police reached roughly 112,600, indicating a peak in the period under review. Since 2014/2015, white-collar crimes in the country have increased by about 40 percent.”  It is important to note that such statistics reflect only the criminal activity that has been reported to the Police: for various reasons, management may feel that internal action such as termination, suspension, or demotion is an adequate response.

Whether criminal activity is reported to the authorities or dealt with internally – the bottom line is that financial loss is caused to the victim organization.  Such loss can be very substantial as is the harm which can be caused to the reputation of the victim company.

Commercial, or white-collar, crimes are those which are perpetrated by employees against their employers.  The crimes are dishonest, fraudulent, or criminal acts, involving deceit, concealment, and the violation of trust. According to the Association of Certified Fraud Examiners, these are crimes committed by individuals, organizations, or public officials for financial gain.

Data Active professionals have experience in digital fraud investigation and fraud prevention and by using our sophisticated sets of data analytics we are able to identify the red flags which can indicate the possible presence of criminal activity and company fraud.  Not all red flags are indeed evidence of fraudulent and criminal activity and so it is vital to investigate further to substantiate, or otherwise, the presence of criminal activity.  Our experienced team will therefore follow up on identified red flags and prepare a comprehensive and evidence-based report to assist management in their response to such activity.  We are also able to indicate prevention steps that management could take to reduce the risk of fraudulent activity recurring.

Forensic Services:

  • Investigating and analyzing financial records, reconstructing financial data, and assessing accounting transactions.
  • Conducting investigative due diligence on individuals, organizations, and asset searches.
  • Performing preventative analysis & enforcing preventative steps to reduce the risk.
  • Analyzing the root causes and improving internal control and compliance systems.
  • Conducting advanced data modeling and analysis across entire organizations.
  • Handling computer forensics, preserving and retrieving electronic data, and performing analysis.
  • Calculating financial damages and losses.
  • Providing expert testimony during legal proceedings.
  • Designing and implementing strong internal control frameworks.