Preventing, responding to and remediating a wide range of business threats, risks and complex issues
Forensic Services
Due to the pervasive nature of economic crime and fraud; the intensity of globalisation and the pace at which business is evolving, organisations today face risks that threaten their very existence. You need a trusted advisor to navigate you through these challenges and help you formulate an effective response to threats to your business. With our advanced skills, vast experience and specialised technology, we at PwC Forensic Services are geared to provide you clarity and confidence in these trying times.
Forensic Services offered:
- Anti-bribery & Corruption
- Anti-money laundering (AML)
- Cyber-attack & Breach Response
- Dispute Analysis & Expert Testimony
- Forensic Investigations
- Fraud Risk Management
- Global Intelligence (Integrity Due Diligence)
- Risk & Forensic Training
Anti-bribery & Corruption
Safeguarding your reputation and helping your organisation survive turbulent times
Corruption and bribery can expose companies to significant regulatory and reputational risk. We provide confidential advice to companies on their anti-bribery and corruption programmes – be that locally, regionally or globally. We can also investigate matters emerging in these areas.
Anti-money laundering (AML)
Combatting financial crime
PwC assists with assessing how vulnerable an organisation is to being used for money laundering and evaluating the effectiveness of their compliance programmes Sanctions can be heavy for getting this wrong. We will reduce your risk and satisfy your regulatory requirements by developing and implementing tailor-made, robust and practical AML compliance controls, trainings and programme development.
Cyber-attack & Breach Response
Cybercrime is one of the most disruptive forms of economic crime and increasingly one of the most prevalent. We will assess your vulnerability to cyber-attack, develop a cyber security programme and a cyber incidence response plan to prepare and respond to cybercrime, and set up and conduct cyber awareness training for all staff who are connected to the outside world.
Dispute Analysis & Expert Testimony
We provide business and financial advice to lawyers and their clients for disputes; help companies determine the effect of accounting adjustments for a merger or acquisition post-closing disagreement; or quantify breach of contract damage, third-party liability, and intellectual property infringement. We can then back this up with expert testimony at depositions, trials, and arbitrations.
Forensic Investigations
If your organisation has been exposed to employee misconduct, vendor fraud or bid collusion, PwC will combine investigative techniques and advanced technology with deep industry and regulatory knowledge to find out what went wrong, calculate how much damage was caused, and build a case against those responsible. We can also act as expert witnesses if a matter ends up in a disciplinary hearing or court.
Fraud Risk Management
Preventing and overcoming crisis and anxiety
We’ll assess your organisation’s readiness to manage fraud, its exposure and then develop and help you implement a tailored anti-fraud programme to close the gaps. This will include practical and comprehensive policies supported by fraud response protocols, an ongoing risk monitoring framework, and communications and awareness training programmes.
Global Intelligence (Integrity Due Diligence)
Identify the operational threats to your business through integrity due diligence
As you operate within a third party ecosystem that crosses multiple jurisdictions, your business could be threatened by a wide variety of regulatory and compliance threats. These may include sanctions violations, corruption, human trafficking, money laundering and violations of other international regulations.
You need to have a clear look into the threat profiles of vendors, suppliers, customers and distributors – to assess relationship criticality, jurisdiction, industry and financial stability.
Risk & Forensic Training
PwC offers ongoing training on various subject matters.
Visit the PwC Buisness School page for upcoming training.
Our dedicated team can also assist with customised training, enabling our clients to stay ahead in the market.
Ethics Services offered:
Underpinning organisational culture is trust. Trust provides a licence to operate and is the foundation of integrity. Ethics management codes and policies alone cannot and will not create trust.
The ethics culture survey assists clients to determine if there is a gap between the prescribed ethics codes and policies and what is practised in reality.
It further assists clients in determining the actual and perceived ethical culture of the organisation.
Through an ethics culture survey, we can assist with assessing the following:
- Awareness of the current ethics interventions in the organisation;
- Effectiveness of ethics interventions;
- Awareness and effectiveness of channels for reporting unethical behaviour; and
- Ethical dilemmas.
Corporate culture plays an important role in maintaining a strong business, and with high levels of unethical governance and corporate scandals in both the private and public sectors, it is becoming increasingly important for governance oversight structures to put their focus on building, managing and maintaining an ethical culture in organisations.
The presence of strong corporate governance can no longer be viewed as a reactive process and a tick box exercise. Instead, organisations must take a proactive stance to shape and manage their corporate culture.
Organisations that place a spotlight on their ethical corporate culture will be able to align employees’ personal values with organisational values.
We offer ethics interventions that are able to assist clients to set the tone for ethical business conduct.
Our ethics interventions framework, depicted below, is based on leading best practice, including the King IV Report, NamCode and the Companies Act 28 of 2004.
As the culture in the organisation evolves with the implementation of various ethics interventions, it is equally imperative to ensure that the ethics management codes and policies articulate the desired ethical culture, and ethical tone at the top.
Our approach to ethics management codes and policies strives for a valuebased instead of rules-based corporate culture.
Those values should serve as a simple and clear guideline that all employees internalise and implement in their decision-making and actual behaviours.
We can assist with developing, reviewing and updating your ethics management codes and policies which include the following:
- Code of conduct/ethics;
- Declaration of interest;
- Supplier code of conduct;
- Whistleblowing policy; and
- Gifts, entertainment/business courtesy.
From a monitoring perspective we assist our clients to ensure that their ethics management codes and policies are regularly updated to adhere to industry regulations and are aligned with best practice.
Through continued education and awareness, organisations can close the gap between ethics management codes and policies that are viewed as rules and clear guidelines, including developing and promoting an ethical culture.
Our interactive ethics training can be tailor-made to suit any audience from the C-suite right to every level of employees.
Our ethics training can also be tailormade to cater for specific audiences such as ethics officers, procurement, social and ethics committees, internal audit and risk management teams, etc.
Our ethics training solution focuses on the following:
- Ethical dilemmas;
- Ethical culture;
- Ethics interventions;
- Ethical leadership;
- Ethical decision-making; and
- Best practices and regulations.
Prior to implementing any ethics interventions, it is imperative for the governing body to assess the current culture of the organisation.
Knowing what your staff believe and whether they uphold the required ethical standards of the organisation is essential.
This can be achieved through an ethics risk assessment, which assesses the ethical tone, ethics in operations and ethical dilemmas.
Whether you have undergone a change in business strategy that could impact your corporate culture, or you have recently reviewed and implemented your rules on corporate culture and behaviour, an ethics risk assessment will assist your organisation in understanding the organisational risk relating to ethical culture and ethical behaviour.
The outcome of an ethics risk assessment is an ethics risk register, which outlines the organisation’s ethics risk and opportunity profile.
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