Undetected financial fraud is one of the greatest risks to an organisation’s viability and corporate reputation, and it has the capacity to draw into its sphere all associated people, not only the guilty.
Business operations and relationships have become increasingly complex, requiring specialised skills for investigating and presenting financial and accounting information. We utilise our specialised skills to perform procedures to obtain evidence that will form the basis for discussion, debate and ultimately, dispute resolution. We are trained to look beyond the numbers and deal with the substance of any given situation.
We believe that forensic accounting is not about number crunching but about solving complex financial riddles, investigating suspected fraud, determining damages and resolving other financial disputes using an intuitive approach.
Through the expertise of a multidisciplinary team, Phandahanu brings independence and rapid response capabilities to all our engagements. Our experience is hands-on; our approach is cost-effective and phased. Our processes ensure that issues are resolved quickly and efficiently. We understand the importance of reacting rapidly and confidentially to a crisis and appreciate the need to stop illegal activity, safeguard a company's assets and reputation, arrive at a resolution with minimum disruption to business, and prevent recurrences through the design and implementation of robust controls.
Fraud not only compromises internal integrity of a company’s operations, but also, and many times more importantly, will affect a company’s outward appearance and reputation to consumers and shareholders, thus negatively impacting confidence and revenue. Companies are realising that instances of corporate fraud and misconduct remain a constant threat and that they need to be more proactive about how to respond to such incidents, and finding greater need for forensic investigations/audits.
To adequately address this threat Phandahanu Forensics assist our clients in protecting their businesses from fraud, corruption, misconduct and the accompanying financial losses through the adoption of a business-driven fraud and misconduct risk management approach which focuses on three objectives:
- Prevention: controls designed to pro-actively reduce the risk of fraud and misconduct from occurring in the first place.
- Detection: controls designed to discover fraud and misconduct when it occurs.
- Investigation: controls designed to take corrective action and remedy the harm caused by fraud or misconduct.
Our reputation is everything
It is our vision to become South Africa’s most admired forensic auditing company, renowned for our expertise in forensic accounting, forensic investigation, litigation support and fraud prevention and valued for our expert advice, integrity, objectivity, professionalism, innovative ideas and attention to detail.
In achieving this we focus on:
Value: We provide the experience and expertise you expect from the top-tier firms at more affordable rates.
Quality: We are committed to delivering the highest level of service and helping clients identify, understand and resolve incidents of fraud and corruption as effectively and efficiently as possible. We understand how to conduct an investigation in order to ensure the admissibility of evidence at disciplinary hearings and in criminal and civil courts. By engaging Phandahanu you can be assured that the investigation remains confidential, without bias and by experts trained in Forensics Investigations/Audits.
Integrity: We hold our ethical, legal, professional and technical practice responsibilities in the highest regard, particularly the hallmark of our profession, independence. It is through independence that we best serve our clients’ interest in providing unbiased, objective and technically correct opinions, whether for court or in private transactions.
Collaboration: Our team work closely with clients to understand their business and the risks associated therewith and devise realistic and cost-effective investigative, detection and preventative solutions in their fight against fraud and corruption.
Responsiveness: We can readily adhere to your timetable, unlike larger firms which are burdened by onerous internal risk management practices.
Solution Focused: As experts in forensics investigations, Phandahanu has years of experience and investigative expertise to draw from in conducting forensic investigations/audits. We utilise tried and tested methods to address the challenges presented and our approach remains focused on business benefits for our clients.
We, however, recognise that "best practices" are not always appropriate and encourage our staff to think outside the box to solve problems.