LIFESTYLE AUDITS IN THE PUBLIC SERVICE. PRESENTER : MR JOHN MENTOOR DATE : 14 MARCH 2011 VENUE : BURGERS PARK HOTEL, PRETORIA. PRESENTATION OUTLINE. Introduction Understanding Life Style Audits Life Style Audits: Practical Example Public Interest versus Private Interest
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PRESENTER : MR JOHN MENTOOR
DATE : 14 MARCH 2011
VENUE : BURGERS PARK HOTEL, PRETORIA
Steven Powell, further says the following about lifestyle audits:
“Lifestyle audit is the term commonly used by forensic auditors and management companies to describe the tests that are performed to determine if the lifestyle of an employee is commensurate with that person’s known income stream. Sometimes the only clue to illicit activities is a sudden unexplained change in an employee’s lifestyle. The lifestyle audit is, therefore, a critical management tool to identify staff members who, based on extravagant lifestyles, may potentially be engaging in illicit activities.” This understanding is consistent with the description as contained in the Economics Dictionary as mentioned earlier which presupposes that it is an investigation to ascertain whether a person’s living standards are consistent with his/her reported income. However, Steven Powel’s conceptualization brings out another issue in understanding lifestyle audits and that is the issue of illicit activities. It is this issue which may become vital for investigators when they may decide to conduct lifestyle audits because the outcome of the investigations may reveal that a person may potentially be engaging in illicit activities which needs to be brought to the attention of the relevant law enforcement agencies.