Despite intense efforts to stamp out corruption and misappropriation of assets, it appears that fraud, in its various forms, is a problem that is increasing in frequency and severity. Quantum Advisory offers multidisciplinary proactive and reactive forensic services that assist clients in their endeavours to prevent, detect, and combat fraud and corruption.
Investigations (local and cross border)
Our investigation team members are experienced in conducting forensic investigations in both the public and private sectors. They have led diverse teams and conducted highly sensitive and complex investigations involving theft, fraud, bribery and corruption, including, but not limited to:
- Financial irregularities
- Procurement fraud and misconduct
- Liquidation matters
- Misappropriation of assets
- Contravention of Prevention and Combatting of Corrupt Activities Act (PRECCA)
- Contravention of UK Anti-Bribery
- Contravention of Foreign Corrupt Practices Act (FCPA)
Each forensic investigation assignment is unique and the methodology adopted is therefore specific to the requirements of the engagement. Our investigations team is multi-disciplined and equipped with the necessary skills and experience to address a wide range of challenges faced by clients.
When our clients are involved in disputes such as contentious settlement negotiations or court proceedings, they run the risk of damaging their reputations or disrupting business relationships. Our team of professionals are able to assist client management or its legal counsel in arbitrations, court cases, mediations etc. by conducting fact finding investigations, assessing the quantum of damages in order to determine strategy, as well as offering independent advice on merits of claims.
Fraud risk management
Fraud Risk Assessments: Companies should perform fraud risk assessments periodically to identify potential schemes and events that require mitigation. Our fraud risk management team will conduct an assessment to identify where fraud may occur and who the perpetrators might be. They will assess existing controls and, where necessary, develop control activities and an anti-fraud and corruption framework to ensure they consider both the potential fraud schemes and the individuals within and outside the organisation who could be the perpetrators of each scheme.
Fraud Awareness Workshops: We conduct fraud awareness workshops at our client premises to all staff identified by management who would benefit from such training. We recommend that client staff within the procurement and financial management divisions attend these workshops, but attendance by all staff usually has the greatest impact on raising ethical levels within the organisation.
Forensic data analytics
Our forensic technology specialists are an integral part of investigations into disputes involving electronically stored information. Their data gathering processes ensure all risks are mitigated when the information is extracted, transported and stored. The extracted data is analysed by team members highly experienced in identifying irregularities, fraud and other anomalies. Data can be extracted from various locations and electronic devices, even after it has been deleted, and used as evidence in investigations.
Background checks and probity investigations
By instigating an assessment prior to appointing key staff / business partners / service providers though the conducting of background checks, clients put themselves in a position where they are able to manage and assess proposed new staff / business partners / service providers with all the knowledge and information which is available, legally. Our team uses only publically available data which is analysed and consolidated into a user-friendly report, thus enabling our clients to fully understand the reputation, financial stability and ethical disposition / climate of future business interests, partners, appointees or service providers.
Our team is experienced in conducting extensive and in-depth probity checks on individuals when same are required by clients prior to their appointments to key positions within their organisations. Permission is granted for the probity check by the individuals seeking the appointment, i.e. to a Board or Regulatory Panel, and extensive information, not usually available in the public domain, is gathered, i.e. criminal record checks.