How do you STOP the clever criminal in today’s world?

Back in the day, robbing people was as simple as walking into a wooden cabin and pulling out a pistol and taking anything you want. Nowadays, it’s a lot more complicated to rob other people as we have our walls, fences and hundreds of pin codes we can hardly remember. Unfortunately, the robber game has […]

With Inflation and Recessions how can you feel safe about money?

There is a saying that goes “It will never happen to me”. There is another saying that goes “If you prepare for it, it usually doesn’t happen”. Lighthouse Consultants is built on this second saying. We deal with clients from all over the world who have said “I thought it would never happen to me” […]

Staying ahead of the criminal

Fraud and corporate crime

Robbing people used to be as simple as walking into a wooden cabin and pulling out a pistol and taking what you want. Nowadays, it’s a lot more complicated to rob other people as we have our walls and hundreds of pin codes, we can hardly remember. Unfortunately, though, the robber game has not ended. […]

Where the FD calls the shots with Internal Audit

The following depiction is total fiction and is not based on real events. George Santos stands at his office window looking out over the harbour. The window is floor to ceiling and spans the entire wall of the office. The other walls are panelled in walnut and covered with photos and paintings of ships and […]

The anatomy of an audit

Planning, planning, planning! Never forget how important planning is in making sure that an audit runs smoothly. This includes what is being audited; notifying the auditee (person being audited); collecting and analysing the data being audited; identifying key risks and scoping the audit. There are audits that must be performed so, when planning for the […]

Observation is a key skill in auditing

Observation is one of the key skills that can be applied in any professional, occupation or relationship.  Proper observation has been known to save marriages.  There is such a thing called “obnosis”. This simply means to observe the obvious.  So much of what we see is see through the filters of our upbringing, education, religion […]

What does the future hold for South Africa

We are already almost half way through the year and time flies as swiftly as a cloud. There are many challenges that face us in South Africa.  The continuing poor exchange rate, political instability, crime, water shortages, drought, unemployment, what else. We all have to adjust to these changes and make contingency plans, allowing for […]

The true meaning of freedom

Who remembers this day 22 years ago?  I remember going to vote and the spirit of optimism that pervaded the country.  There was a sense of something new and bright.  A feeling as though we had been cleansed and were given an opportunity for a new start.  A new country.  This day, 27th April, commemorates […]

Can you trust your employees

Can you trust your employees?  Do you have controls and monitoring systems in place to detect fraud or any transgressions or non-optimal performance within your company? Are you monitoring revenue and costs? If the answer is “No” to any of these questions then you are haemorrhaging cash.  This is a fact.  Without monitoring systems there […]

The link between understanding business processes and staff competence

There is a distinct connection between understanding business processes, controls and competence.  If your employees and management do not understand your business and the reason for certain processes and controls then they cannot take ownership of the processes and will not be responsible for what goes wrong.  Understanding comes with knowing the purpose of things […]