Forensic accountants to fight fraud and corruption: Image: GCIS Vuk’uzenzele
The Special Investigating Unit has partnered with SAICA and North-west University to train forensic accountants.
Forensic accountants to fight fraud and corruption: Image: GCIS Vuk’uzenzele
The Special Investigating Unit (SIU) has partnered with the South African Institute of Chartered Accountants (SAICA) and the North-West University (NWU) to train a new generation of forensic accountants.
The three institutions recently signed a memorandum of understanding (MoU) that will see them join hands to produce specially trained accountants who will help intensify the fight against fraud and corruption in South Africa.
SIU National Chief Investigations Officer Leonard Lekgetho says forensic accountants assist in identifying fraud by checking if financial statements have been manipulated. “They also prepare financial evidence to prove in court that corruption occurred so that money can be recovered,” adds Lekgetho.
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In terms of the MoU, a bursary fund has been established through SAICA’s Thuthuka Education Upliftment Fund (TEUF) for the training of these forensic accountants.
SIU Senior Manager for Learning and Development Enock Qoma says the aim is to ensure that the unit’s provincial offices have the skilled forensic accountants they need to fast track fraud and corruption investigations.
“The bursary will be funded by the SIU to the tune of R10 million,”
says Qoma.
SIU Chief Human Capital Officer Neptune Masombuka says the formation of the MoU started in 2019, when they learnt that there were only 109 forensic accountants in South Africa.
The training comprises three programmes:
Both undergraduate and postgraduate students have already been selected for the current academic year.
Written by More Matshediso
This article was originally published in the GCIS Vuk’uzenzele.