Meet The Chairman
My years of professional practice has revealed an indisputable fact, that every stage of the accounting process is susceptible to manipulation, fraud and theft. This is why, the embezzler exploits the weaknesses in the system, creates misinformation or disinformation, destroys information, suppresses information or utilizes rationalizations where an entry is challenged. Working with traditional Auditors have also shown that, oftentimes, Auditors look out for wrong entries in the books of accounts. Embezzlers and career criminals know that too; so, they cleverly make fraudulent entries appear normal.
As you may be aware, Accountants are alert to evidence of irregularities of a material nature; small errors are immaterial. Forensic accountants and fraud managers bother about small errors and irregularities; they may relate to the modus operandi of corrupt employees and fraudsters. Criminals cannot bury all their tracks; small errors and irregularities may give them away. To understand the complexities, forensic auditors and fraud managers look out for control procedure exceptions, accounting classification anomalies, oddities in financial trends and ratios and peculiarities in specific transactions. Unexplained gaps or missing links in transaction processing times, places, and people and for misplaced or replaced transaction documentation. The micro not the macro- look is considered; sees the small not the big picture.
The damage suffered by African countries to embezzlement, fraud and corruption is over 25% of the combined annual budget of the entire continent. Unfortunately, if nothing is done to reverse this trend, it will exceed 45% of total combined annual budget of the continent by 2050. Therefore, the Society for Forensic Accounting and Fraud Prevention (SFAFP) is committed to resolving the global challenges posed by embezzlers and career criminals; minimize financial statement fraud, combat money laundering and terrorist financing; reduce transnational organized crime, fight cybercrimes and identity fraud by training and retraining professionals as either Certified Forensic Accountant (CrFA) or Certified Fraud Manager (CrFM) to meet the demand of the growing complexities of the financial system and the digital economy.
To further deepen our resolve and commitment in the fight against embezzlement, fraud and corruption, we have instituted a Compulsory Skills Development (CSD) programme for all members to ensure continuous professional training and self-development. This is also to validate the annual membership of the Society; our members must attend the minimum prescribed number of training courses/credit hours. In addition, we have also introduced e-Induction, e-Application and e-Trainings to further position the Society as a key player in the digital economy. Besides, the Society will intensify its drive in terms of capacity building and institutional strengthening especially for African Law Enforcement Agencies, Public Sector Institutions and Small/Medium Enterprises and Large Corporates.
You are welcome to join us!!
I.B. GASHINBAKI B.Sc, MLC, CNA, CFE, ACTI, PGCCS, FCIHCD, CrFA(F),
CHAIRMAN, SOCIETY FOR FORENSIC ACCOUNTING AND FRAUD PREVENTION (SFAFP)