Your on-line activity: The emperor has no clothes

Your on-line activity: The emperor has no clothes

A story is told of an Emperor who allowed himself to be dressed in the finest suite of new clothes, which he had been told “had the special capability that it was invisible to anyone who was either stupid or not fit for his position.”  In his special suite, he held a procession through town, never admitting that he was too unfit and stupid to see what he was wearing. He was afraid that people would think that he was stupid.  The story goes on that “all the townspeople wildly praised the magnificent clothes of the emperor, afraid to admit […] Read more

Using Data Analytics to detect Fraud

Using Data Analytics to detect Fraud

Mustapha B Mugisa,  spoke at the Institute of Internal Auditors Uganda on the topic, using Data Analytics to detect Fraud. Read about the speaker introduction and topic highlights.

 

Making sense of big data, is the best skill you will ever master.

 

Using Data Analytics to Detect Fraud

Fraud by its nature is hidden. Unlike theft, where a stolen item can easily be detected as it will be missing. Fraud involves manipulation of records and burying it deep in the data. As an auditor, you need special skills and tools to be able to detect fraud.

And that is where data analytics comes in.

How do […] Read more

Personal finance part2: why paying fees for children isn’t an investment

Personal finance part2: why paying fees for children isn’t an investment

The biggest cost any average person incurs is living expense. And if you haven’t carefully planned for your incomes, you might end up having all your expenses in the living expense. Living expense includes leisure, food, utilities, clothes etc. It is likely that all the money meant to be invested for your future, you are putting it into living expense. Living expense are not critical needs.

When we say someone is needy, it means they can’t meet their minimum requirements. But if you are spending money into things that are more of life style and leisure, you are eating your future, […] Read more

Where to invest in 2017? The HBR response

Where to invest in 2017? The HBR response

The lead article on the cover of the Harvard Business Review, December 2016 issue reads “where to find hyper growth. Frontier Economies may be Risky but they offer big rewards.” The article written by Aldo Musacchio and Eric Werker, explains where to play and how to win in 2017 for global companies in search of double digit growth.

As “emerging market giants such as Brazil, Russia and China are experiencing an economic slowdown, they are increasingly expensive as a base for operations and it’s harder to export to and import from these countries than it used to.”

The solution is to shift […] Read more

How to investigate anonymous tip-offs?

How to investigate anonymous tip-offs?

I was recently faced with a strange case to investigate. The complainant remained completely anonymous and posted letters to the CEO of our company, local police and Chief Minister of the state. The complaint was against one of the employees of our company regarding social misconduct. How should one investigate these kind of cases where in the complainant cannot be traced but the allegations made are alarming.

Regards, Mehul (from ACFE.com forum).

Response by Mustapha B. Mugisa

Any investigator has had to content with such kind of challenges.

Tips from anonymous people are a challenge. You invest company resources only to find it was […] Read more

What are your strategic perspectives?

What are your strategic perspectives?

One of the first steps in strategy formulation is to understand your strategic perspective: what does winning look like in your kind of business or industry.

To answer this question, you must identify top players in your sector, or the key technology innovators and any other drivers of growth in your kind of business. Such analysis helps give perspective to where your business is against the top players, it also challenges your strategic team to think about the bigger picture.

During my strategic sessions with clients, I pose the following question;

“Where do you see your organization in the next 3-5 years in […] Read more