Fi-Fa-C [Pronounced Fai-Fack]
Solving complex corporate crime problems by providing wholistic advice for improved corporate governance, for the prevention of financial crimes and unethical conduct, and the application of pro-active detection techniques.
Speedy and effective prevention treatment and forensic auditing and investigations response mechanisms to confront forensic crises arising from diverse breaches of good organisational and corporate governance standards and practices, legislation, regulations and policies.
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Unearthing Truth, Securing Justice
The South African government’s decision to grant Eskom a special exemption from disclosing certain financial losses in its official statements has sparked controversy and raised concerns about accountability and transparency. Professor Peter Goss, a corporate governance expert, weighs in on the issue, explaining the potential implications of this move.
At the heart of the debate lies the Public Finance Management Act (PFMA), which governs financial management in the public sector. Transparency and accountability are central principles of the PFMA and corporate governance best practices worldwide. However, Eskom’s exemption allows it to temporarily withhold disclosure of financial losses stemming from criminal conduct, irregular expenditure, and wasteful spending.