1. Introduction

While the potential profitability and growth of your business depends on what you put into it, the actual profitability and growth of the business will be determined by the things that constrain your return on that investment. Now, you can call these constraints risks or many other names, but you have to do just one thing; and that is get rid of the constraints, quickly. Because, only when you eliminate your constrains will your actual success rise to the level of your potential.

So, the only way to turn your potential for success into actual success is to blow away the constraints that block your path.

Five WH Corporate Services (Pvt) Limited (“5wh”) is a dynamic, relationship-oriented professional services company that provides the following solutions to business constraints:

  •  Business Systems Design, Development and Reviews
  •  Internal Audits
  •  Forensic Audits
  •  Compliance Audits

We work with business owners and leaders who are set on blowing away those constraints blocking their way to success. We will also assist you isolate hidden economic assets in your business and determine specific projects to optimize and leverage those assets for greater profit and growth.

2. Our Vision

Our vision is derived from our passion for what we do. You will, of course, get to know and appreciate our vision as we get to know each other.

3. Our Services

3.1 INTERNAL AUDIT

Definition
Internal auditing is an independent appraisal function which performs the services of examining and evaluating the organisation’s activities. Whether in-house or outsourced, Internal Audit is an integral part of the organisation and functions under the organisation’s policies.

5wh Entity Level Internal Audit Methodology
Our methodology is a loop which emphasizes risk analysis at the highest level so as to identify constraints within your systems.

Our Objective
Our objective is to assist you in the effective discharge of your responsibilities and to monitor and promote effective control at reasonable cost. To this end, we furnish you with analyses, appraisals, recommendations, advice, and information concerning the activities reviewed. We also train your staff and share knowledge and experience with you.

To facilitate objectivity, independence is essential to an audit function. We would not accept an assignment if our independence was impaired in any way.

3.1 FORENSIC AUDIT

Definition
The Oxford Dictionary defines “Forensic” simply as, “Of or used in law courts.”
“Forensic Auditing” is therefore an examination of evidence regarding an assertion to determine its correspondence to established criteria in a manner suitable to the court.

Investigate first – then act
This is the logical thing to do and in Zimbabwe this is what the law (Labour Relations Act[Chapter 28:01]) requires. If you suspect that your organisation is the target of financial crime you will need fast professional support to help you take action.

Competent and Experienced Financial Investigation
We examine the operations that are potentially affected and analyse the related flows of cash and goods. If our work confirms your suspicions, we will draw up alternative courses of action and advise you on their implementation. You can rely on our discretion, and on the integrity of our staff.

Offenders often also exploit the complexity of IT systems, which can result in serious damage to your organisation. Our specialists find and preserve the traces left by the offender.

We work with you to devise effective strategies to protect your organisation against fraud. We also provide assistance in the implementation of these strategies.

Asset Tracing
When your organisation has lost assets as a result of criminal acts, we help you to identify, trace and recover your property. We assist you in detecting fraud and other financial offences and develop alternatives for minimizing the damage caused.

Fraud is a manageable risk.

3.3 BUSINESS SYSTEMS/INTERNAL CONTROLS

Definition
Internal control is the means by which you marshal your organisation’s resources to achieve your objectives.

Are You Being Served
Does your system of internal control help you to exploit your opportunities as well as manage the risks of doing the things you do? Is it able to detect errors and fraud in sufficient time for you to take appropriate action? Can you quantify the effectiveness of your controls? Do you have just enough controls – not too many and not too few? If the answer to any of these questions is “no”, or you do not know, you need to talk to us.

Risk assessment: We will assess the structure of your internal control system and recommend areas for improvement. We will pay attention to the processes by which you establish, monitor and improve your system.

Design and implementation: Following the structural assessment, we can assist you to implement our recommendations. We can also assist you to design and implement a new internal control system from scratch. In short, we assist you in determining the scope and fitness of your Internal Control System such that it enables you to meet your business and regulatory requirements.

3.1 COMPLIANCE AUDIT

Definition
Compliance Audit is the independent assessment of the conformity of any activity, process, deliverable, product or service with the criteria of specified laws, rules, standards, contracts, best practice or other documented requirements.

Let the Experts do it for You
Assessing compliance may be simple, requiring a brief inspection to find out whether rules were followed or not. At the other extreme, it may require extensive research of statutory, regulatory and other requirements. Whatever the level of requirement, let us be there to assist you.

Audits, in general, are also valuable in identifying areas for continuous improvement and planning.

4. Our Credentials

Our key staff[1]:

Caleb Mutsumba – Director
Caleb is a Registered Public Accountant with experience in:

  •  Internal Auditing,
  •  Fraud Investigations and Forensic Auditing,
  •  Fraud Risk Management,
  •  Criminal Justice processes,
  •  Project Management, Monitoring and Evaluation
  • Organisation Development.

Caleb has worked for various public and private sector entities for more than twenty years. Upon leaving the Internal Audit department of a major commercial bank in 2001, Caleb joined Ernst & Young to head the newly formed Forensics Department. He left Ernst & Young in 2007 to establish 5wh.

Throughout his career, Caleb has had a substantial portfolio of public and private sector clients of all sizes, operating in all sectors in Southern Africa.

5. Why Choose Us

Here is who we are to you:

  • We listen to you
  • We have the experience and expertise to serve you
  • We are responsive – this means we react timeously to your needs and we do not let our own internal processes distract us from this swiftness
  • We leave no stone unturned to live up to your expectations – we tackle your 5wh questions: what – when – where – who- why – how?

*************************************************************************

*************************************************************************

________________________________________
[1] Detailed biographies, roles and responsibilities, of 5wh staff; further specified service, products and company information, as well as references, can be provided upon request.

One thought on “About Us

  1. 21 October 2011
    Dear Mr. Mutsumba,

    Thank you for renewing your membership with the Association of Certified Fraud Examiners. We appreciate your commitment to shaping the anti-fraud profession and look forward to supporting you with the resources, knowledge and professional development opportunities you need to focus on the job at hand.

    In that spirit, we would like to extend a special offer on one of the most important resources for anti-fraud professionals: the ACFE Fraud Examiners Manual. Download the most up-to-date version of this vital reference work for only $39 – a savings of more than 50%. Take advantage of this special offer by visiting the ACFE Bookstore and entering discount code FEM39 during check-out. Note: this offer is for the downloadable version only.

    Make the most of your membership this year by taking advantage of the broad selection of top notch tools and resources that enable you to:

    Stay on top of the latest trends and new developments with exclusive member publications, such as Fraud Magazine and its Internet counterpart, Fraud-Magazine.com, and two monthly digital newsletters (The Fraud Examiner and the Fraud Magazine e-newsletter).
    Find your next career opportunity on the ACFE Job Board , your industry resource for job postings and anti-fraud career information.
    Fulfill continuing professional education (CPE) requirements for the CFE and other designations.
    Join the conversation with the ACFE on social media networks like LinkedIn, Facebook and Twitter. Connect and network with anti-fraud professionals from all over the world. You can also find the latest fraud news and commentary on the ACFE blogs, FraudInfo and ACFE Insights.
    Sharpen your skills and increase your value in the job market with expert training opportunities including conferences, webinars, books and manuals, and self-study courses.
    As a reminder, your member number is 96538.

    Again, many thanks for renewing your membership. We appreciate your continued affiliation with the Association of Certified Fraud Examiners.

    Best regards,

    Leslie Simpson, CFE
    Director of Membership

    P.S. Don’t forget to place your order for the Fraud Examiners Manual Electronic Download. At only $39, you can’t beat the price for the essential fraud fighter’s reference tool.

    Like

What do you think? What strategies do you, or your company, use to manage the risk of fraud and error in your organisation? Are you primarily proactive or reactive in your approach to risk management? Share your experience in the Comment box below.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s