OAG trains three Certified Fraud Examiners

14 Sep 2016 14:50pm
WINDHOEK, 14 SEP (NAMPA) – The Office of the Auditor General (OAG) has trained three qualified auditors in its office as Certified Fraud Examiners (CFE).
The CFEs; Sylvia Matheus, Hilde Gottlieb and Selma Barnabas, were trained over the past two years.
They are tasked with investigating suspected fraudulent activities in the country.
Auditor-General Junias Kandjeke told Nampa on Friday his office is the first government entity to have produced CFEs in Namibia.
“We have been trying for a long time. We became affiliate member of the South African Chapter, which is part of the United States of America's Association of Certified Fraud Examiners (ACFE). They wrote examinations and received a license, which is renewable every year,” he said.
The ACFE is the world's largest anti-fraud organisation and also premier provider of anti-fraud training and education.
Kandjeke said the new CFEs are required to collect 20 points from their Continuous Practice Education (CPE) every year by writing articles or attending workshops to gain more knowledge on how to deal with fraudulent activities.
He could not say how much money was invested in training the three CFEs, saying their training is technically not completed and can take longer depending on how they progress.
In addition to these costs, he said, are funds to be used on the renewal of the CFEs certificates, all to be paid by the Office of the Auditor General.
The training involves four modules - fraud prevention and detection, investigation, law, and financial transaction.
About 20 Namibians attended the training, with only four earning the certificate.
Estelle Tjipuka, a former Bank of Namibia employee who has since left the employment of the bank, was the fourth candidate in addition to those employed by the Office of the Auditor-General.
The CFEs are also allowed to practice their investigations during the auditing of the Government and agency financial reports.
Speaking to this news agency, the CFEs expressed appreciation for the training they received, noting that the experience they will gain while working as CFEs will go a long way in addressing fraud and corruption in Namibia.
“I am very happy about this achievement that required hard work and commitment. It feels good to be part of the few in the country,” Barnabas said.
Both Gottlieb and Matheus echoed Barnabas’s sentiments and encouraged other Namibians to take up training as Certified Fraud Examiners for the benefit of the country at large.