Internal Audit

Fraud prevention is critical in Zimbabwe due to the country’s ongoing efforts to rebuild trust in financial institutions and stabilize its economy. With limited resources and a history of economic challenges, safeguarding against fraud is essential to protect citizens’ assets, attract investment, and ensure sustainable development.

• Cash & Inventory Theft – Especially in multi-currency environments
• Payroll Fraud – Ghost employees, inflated overtime
• Procurement Scams – Inflated invoices, fake suppliers
• Cyber Fraud – Ecocash/Bank phishing scams

• Complex forex transactions hiding fraud
• Weak internal controls in SMEs
• Difficulty prosecuting white-collar crime

We Identify :

Zimbabwe Focus:

• Parallel market transaction risks
• RBZ forex reporting loopholes
• ZIMRA deduction fraud

Visual: 📊 Fraud Risk Heat Map (Sample)

When Fraud is Suspected::

• Financial tracing of stolen funds
• Digital forensics for email/ecocash evidence
• Interview techniques to uncover collusion

Success Story:

“Recovered $120k for client through supplier invoice fraud investigation”

Ongoing Protection:

• Surprise cash counts
• Vendor verification systems
• Whistleblower hotlines

Zimbabwe-Specific Tools:

• ✔ Ecocash transaction monitoring
• ✔ Dual-currency reconciliation
• ✔ Cross-border payment controls

Type	Frequency	Detection Tips
Payroll Fraud	42% Cases	Verify employee fingerprints
Inventory Theft	33% Cases	Surprise stock counts
Procurement Fraud	25% Cases	3-way matching system

Retail:

• Till manipulation
• Fake refunds

Manufacturing:

• Raw material theft
• Production underreporting

NGOs:

• Donation diversion
• Grant fund misuse

Visual: 🛡️ Shield graphic with 4 protection layers

Service	Best For	Price USD$
Basic Fraud Audit	Small Businesses	$1200
Annual Protection Plan	Medium Businesses	$500/month
Enterprise Security Suite	Large Corporations	Custom Quote

“Costs typically 5-10% of potential fraud losses prevented.”