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History of the ICFP

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Background to the establishment of the ICFP

2007 to 2009

The first strategic meeting with key role players was held on 02 August 2007 attended by 60 forensic practitioners.  The main objective of the meeting was to decide wherther there is a need for a local body to represent the commercial forensic industry because it was felt that:

  • The forensic industry has been largely undefined and fragmented;
  • The forensic industry comprised of a wide range of professionals;
  • A need was identified to cohere and regulate the industry in South Africa.
The first Strategic Committee members elected were:

Flip Stander (Deloitte) , Jan Henning, Ernst Pienaar (Sanlam), Indhren Perumal (AG), Heila Dreyer (SIU), Anne-Marie Krugell (SME), Susan Potgieter (SABRIC) ,Robert Cameron-Ellis (ACFE), and Prof. Jan van Romburgh (NWU)

During that period:

  • A mandate was given to define, cohere and regulate the industry and map the way forward;
  • 15 Meetings were held until the ICFP inaugural meeting in May 2010;
  • Proposal delivered during March 2010.

2010

  • The Strategic Committee completed the proposal to cohere, co-ordinate and regulate forensic industry tabled at industry meeting in May 2010;
  • Industry meeting at the Westcliff hotel 6 May 2010 (approximately 75 forensic people attended) to confirm the establishment of the ICFP;
  • First ICFP Board elected ( V Naidoo, J Mahlangu, J Swanepoel, G Ferreira, P Bishop, S du Plessis, K West, L Swanepoel) – A van Zyl Company secretary;
  • Board had to be representative of the industry, i.e Government, Big 4 Audit, Small/medium size consultancies, Banking, Insurance industry, Academia and Independent practitioners;
  • Incorporated the company;
  • Determine criteria for membership;
  • Grandfather clauses drafted – 1st deadline 31 December 2010. Extended to 31 March 2011.

2011

  • First year in operation – Crazy year!!;
  • No personnel , no money, no office;
  • Grandfather application closed on 31 March 2011 – Approximately 900 memberships awarded (680 Full & 220 Associate);
  • Held the first ICFP conference at Sandton Convention centre – Minister Tokyo Sexwale was key note speaker;
  • Grand application was an administration nightmare – Dealt with temps, Effectiveness company – Suffered reputational damage;
  • Completed founding documents – By laws;
  • First strategic session held in Potchefstroom campus – Operational focus;
  • Appointed first Executive Manager and Administrative person;
  • Issued membership certificates;
  • Turnover R2.6m from inception

2012

  • Concluded Jean office lease agreement form May 2012 and obtained office furniture & equipment. Operated from Nexus office before;
  • Dealt with membership application issues from 2011;
  • Joint statement between ICFP & ACFE – February 2012;
  • Held second Conference at Emperors Palace – Minister Pravin Gordhan was key note speaker;
  • Appointed new administrative person;
  • Held Strategic Session at Nedbank conference facility – Operational/some strategic points;
  • Determined Qualifying exam modules;
  • First Member development session – Postbank case study;
  • Gravitas news letter issued;
  • Tender for qualifying exam awarded to North-West University;
  • Turnover R2.5m

2013

  • First year the ICFP started full time operational function;
  • New Executive Manager – Chris de Beer;
  • ICFP Qualifying exam – Three modules – CFI, CFA &CFIT (39 students enrolled for 69 modules. 69 Subsidies awarded);
  • Prep courses for QE started in May 2013;
  • Conference held at Birchwood conference facility;
  • Board does not have to be industry specific but representative of forensic industry;
  • Thinktank facilitated strategic session – More strategic and value proposition focus. 

2014

  • Qualifying exam – All five modules including CFL and CFPM (approximately 120 students enrolled for 175 modules. 100 Subsidies were awarded);
  • Conference held at Emperors Palace;
  • New criteria for experienced members;
  • Strategic session – Refine strategic objectives and value proposition.

2015

  • Defined professional designation;
  • Recognition for professional body application submitted;
  • CPD policy to implemented from Jan 2016;
  • Development sessions offered to members for free;
  • R395,000 paid for members subsidies to study qualifying examination.