Anti Corruption Consultants Australia
Anti Corruption Consultants Australia (ACCA) can help you with personal issues or matters affecting your company. The latter has the potential to destroy your company financially or its reputation, leading to a loss of business.
Your company can be exposed to fraudulent and corrupt activities through employees, suppliers. or contractors.
Procurement fraud is a major issue with a lack of oversight leading to massive losses to a company. Employees collude with suppliers, suppliers collude together to defraud your company.
You can also be affected by internal fraud with employees engaging in fraudulent conduct including but not limited to theft of cash, skimming sales by not recording or understating sales, establishing ghost employees, shell companies, expense related fraud, and theft of plant and other assets.
The Association of Certified Fraud Examiners (ACFE) 2020 report to the Nations examined 2504 cases from 125 countries. They identified asset misappropriation schemes as the most common scheme occurring in 86% of the cases with an average loss of $140,000.
Financial statement fraud can also destroy your reputation. While this is not that common it is the costliest with an average of $1.4 million (ACFE).
Corruption includes bribery, conflicts of interest and extortion occurred in 43% of the cases examined in the ACFE report. There was an average loss of $280,000.
You need to be aware of how fraud can affect your bottom line. Fraud has the potential to bankrupt you leading to financial disaster and a loss of reputation.
ACCA can provide a specialised investigation service to uncover incidents of fraud and corruption. It can also assist in training key personnel to identify and prevent these illegal activities. In addition, ACCA can help you develop practices and procedures to minimise your exposure to fraud and corruption.
ACCA can also assist with improper conduct in the workplace. The Australian Human Rights Commission conducted a sexual harassment survey in 2018. They examined the responses from 10,000 people. The survey indicated 39% of Australian women and 26% of Australian men had been sexually harassed at work in the previous five years.
Sexual harassment causes distress to the workers and their colleagues, it affects productivity in the workplace and impedes career progression. This has an economic impact on businesses and families.
Bullying is also a major issue within the work place. A 2021 survey indicated 30% of the workers stated they had been bullied at work. Many of these left the work place because the issues were not properly addressed.
ACCA can assist you by developing or reviewing a Code of Conduct for your organisation, investigating breaches of a Code of Conduct including sexual harassment, bullying and other issues likely to impact on employee morale and the stability of your organisation.
Protect Your Business from the Threat of Fraud and Corruption
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“Mike is a very experienced law enforcement expert in Australia. In the last three years, I have invited him as guest lecturer in my HKU Postgraduate Certificate Course in Corruption Studies, an international course attended by over 35 country representives, to speak on the Australia’s successful experience in combating corruption and his personal expertise in corruption prevention and enforcement. His input and expertise is highly appreciated by the participants. Highly recommended.
“Mick recently delivered a lecture on Corruption Investigation to our student cohort undertaking the Graduate Certificate In Integrity Studies. His presentations were very well received and the students appreciated his broad experience and candore. The relevance of his material and the content of his presentations was first rate. I would highly recommend Mick for similar projects.”
“Mick developed and delivered a Fraud and Corruption presentation to the Directors and Managers of Randwick City Council. His insights on Corporate Obligations, how to prevent going down the ‘slippery slope’ and use of practical examples made for a relevant and well excecuted presentation. His superior presentation style resulted in a robust discussion on the subject following his presentation, which was the desired outcome.”