Forensic review at a global sports governing body
- Creating a Secure Organisation
- Sport and Major Events Risk Management
Forensic review of alleged fund misuse at a global sports governing body
A global sports governing body was concerned about the management and use of its funds in a West African country as a result of specific allegations made in the media and by a whistle-blower.
It was claimed that a number of key individuals had, over a number of years, misappropriated and misused funds intended for sport development and charitable purposes. These activities had been purportedly covered up by falsifying accounting documents.
Control Risks’ approach
We reviewed the media allegations and examined available documentation, the information from which we used to inform a discreet locally sourced on-the-ground investigation and information gathering project.
We then sent a team to the office in West Africa where we analysed the financial and operational records for a six-year period, which included a focused forensic review of accounting documents, process walkthroughs and interviews with key personnel, the whistle-blower and auditors.
Our enquiries uncovered evidence and intelligence relevant to the investigation and which served to corroborate some of the claims made by the whistle-blower. Control Risks also identified evidence indicating potential fraud and abuse of fiduciary duty. We prepared reports for a global sports governing body compliance team and an oversight committee in order to support disciplinary proceedings.