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  • 1. Five WH Corporate Services (Pvt) Limited - Capability Statement1. Introduction 3. Our ServicesWhile the potential profitability and growth of your business depends 3.1 Internal Auditon what you put into it, the actual profitability and growth of thebusiness will be determined by the things that constrain your return on Definitionthat investment. Now, you can call these constraints risks or many Internal auditing is an independent appraisal function which performsother names, but you have to do just one thing; and that is get rid of the services of examining and evaluating the organisation’s activities.the constraints, quickly. Because, only when you eliminate your Whether in-house or outsourced, Internal Audit is an integral part of theconstrains will your actual success rise to the level of your potential. organisation and functions under the organisations policies.So, the only way to turn your potential for success into actual success 5wh Entity Level Internal Audit Methodologyis to blow away the constraints that block your path. As shown in the diagram below, our methodology is a loop which emphasizes risk analysis at the highest level so as to identifyFive WH Corporate Services (Pvt) Limited (“5wh”) is a dynamic, constraints within your systems.relationship-oriented professional services company that provides thefollowing solutions to business constraints: Business Systems Design, Development and Reviews Forensic Audits/Financial Investigations Internal Audits Compliance Audits Due Diligence InvestigationsWe work with business owners and leaders who are set on blowingaway those constraints blocking their way to success. We will alsoassist you isolate hidden economic assets in your business anddetermine specific projects to optimize and leverage those assets forgreater profit and growth.2. Our VisionOur vision is derived from our passion for what we do. You will, ofcourse, get to know and appreciate our vision as we get to know eachother. 1
  • 2. Five WH Corporate Services (Pvt) Limited - Capability StatementOur Objective Offenders often also exploit the complexity of IT systems, which canOur objective is to assist you in the effective discharge of your result in serious damage to your organisation. Our specialists find andresponsibilities and to monitor and promote effective control at preserve the traces left by the offender.reasonable cost. To this end, we furnish you with analyses, appraisals,recommendations, advice, and information concerning the activities We work with you to devise effective strategies to protect yourreviewed. We also train your staff and share knowledge and organisation against fraud. We also provide assistance in theexperience with you. implementation of these strategies.To facilitate objectivity, independence is essential to an audit function. Asset TracingWe would not accept an assignment if our independence was impaired When your organisation has lost assets as a result of criminal acts, wein any way. help you to identify, trace and recover your property.3.2 Forensic Audit We assist you in detecting fraud and other financial offences and develop alternatives for minimizing the damage caused.DefinitionThe Oxford Dictionary defines "Forensic" simply as, "Of or used in law Fraud is a manageable risk.courts." 3.3 Business Systems/Internal Controls"Forensic Auditing" is therefore an examination of evidence regardingan assertion to determine its correspondence to established criteria in Definitiona manner suitable to the court. Internal control is the means by which you marshal your organisations resources to achieve your objectives.Investigate first – then actThis is the logical thing to do and in Zimbabwe this is what the law Are You Being Served(Labour Relations Act [Chapter 28:01]) requires. If you suspect that Does your system of internal control help you to exploit youryour organisation is the target of financial crime you will need fast opportunities as well as manage the risks of doing the things you do?professional support to help you take action. Is it able to detect errors and fraud in sufficient time for you to take appropriate action? Can you quantify the effectiveness of yourCompetent and Experienced Financial Investigation controls? Do you have just enough controls - not too many and not tooWe examine the operations that are potentially affected and analyse few? If the answer to any of these questions is "no", or you do notthe related flows of cash and goods. If our work confirms your know, you need to talk to us.suspicions, we will draw up alternative courses of action and advise Risk assessment: We will assess the structure of your internal controlyou on their implementation. You can rely on our discretion, and on the system and recommend areas for improvement. We will pay attentionintegrity of our staff. to the processes by which you establish, monitor and improve your system. 2
  • 3. Five WH Corporate Services (Pvt) Limited - Capability StatementDesign and implementation: Following the structural assessment, we 4. Our Credentialscan assist you to implement our recommendations. We can also assist Our key staff : 1you to design and implement a new internal control system fromscratch. In short, we assist you in determining the scope and fitness ofyour Internal Control System such that it enables you to meet your Caleb Mutsumba – Directorbusiness and regulatory requirements. Caleb is a Registered Public Accountant with experience in:3.4 Compliance Audit Internal Auditing, Fraud Investigations and Forensic Auditing,Definition Fraud Risk Management,Compliance Audit is the independent assessment of the conformity of Criminal Justice processes,any activity, process, deliverable, product or service with the criteria of Project Management, Monitoring and Evaluation.specified laws, rules, standards, contracts, best practice or otherdocumented requirements. Caleb has worked for various public and private sector entities for more than twenty years. Upon leaving the Internal Audit department ofLet the Experts do it for You a major commercial bank in 2001, Caleb joined Ernst & Young to headAssessing compliance may be simple, requiring a brief inspection to the newly formed Forensics Department. He left Ernst & Young in 2007find out whether rules were followed or not. At the other extreme, it to establish 5wh.may require extensive research of statutory, regulatory and otherrequirements. Whatever the level of requirement, let us be there to Throughout his career, Caleb has had a substantial portfolio of publicassist you. and private sector clients of all sizes, operating in all sectors in Southern Africa.Audits, in general, are also valuable in identifying areas for continuousimprovement and planning. 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. 3
  • 4. Five WH Corporate Services (Pvt) Limited - Capability Statement5. Why Choose UsHere 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 worrisome questions: what - when – where – . who- why – how6. Contact UsWhether you want or need audit, systems advice and/orinvestigation services, talk to us today for a free preliminaryassessment and to start a relationship.Direct your enquiries to Caleb:Cell: +263 712 620 287/+263 772 466 540Email: caleb@zol.co.zwSkype: caleb.mutsumbaP O Mail: P O Box 1361 HarareFollow Caleb and 5wh on:Facebook: http://www.facebook.com/pages/5wh-Corporate- Services/176311472411421Twitter: http://twitter.com/#!/5whAuditLinkedIn: http://zw.linkedin.com/in/calebmutsumbaBlog: http://5whaudit.wordpress.com/ 4