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Handling Forensic Audits In Public and Local Government without fera or Favour. Indaba 2014- East London ICC. Sidwell Mofokeng Vice President. Municipalities Case Studies. A Metro in Gauteng Local Municipality in the North West Local Municipality in the Mpumalanga.
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Handling Forensic Audits In Public and Local Government without fera or Favour Indaba 2014- East London ICC Sidwell Mofokeng Vice President Institute of Municipal Finance Officers
Municipalities Case Studies • A Metro in Gauteng • Local Municipality in the North West • Local Municipality in the Mpumalanga
Public Sector Case Studies • A National Department • A Provincial Department
What are the Risk Faced by IA - The names of the individuals involved are kept secret due to on going investigations. • Intimidation • Harassment • Death “ A dead man tells no tales” Institute of Municipal Finance Officers
Common Denominators • The Accounting Authority Failures • The Audit Committee’s Silence or Complicity • The accounting Officer Complicity or in evolvement • Conflict of interest by the Audit Committee Chairperson • Conflict of interest or Fear by the Accounting Authority. • Lack of Action b y those charge with governance or the regulator Institute of Municipal Finance Officers
Consequence • All the auditors were dismissed or killed • Why? • Applying the Standards • For being objective Are still interested in Auditing?Conducting Forensics? Institute of Municipal Finance Officers
IMFO THANK YOU ? Institute of Municipal Finance Officers