SHOGUN & OVERSIGHT: An Alliance Set to Revolutionize Organizational Ethics Across Three Continents

SHOGUN & OVERSIGHT: An Alliance Set to Revolutionize Organizational Ethics Across Three Continents

We are proud to introduce Oversight Consulting & Training as a strategic partner joining us in an exchange of knowledge and technology to develop solutions addressing a common issue: fraud.

This new chapter begins at the Latin American Congress for Organizational Fraud Prevention – CLAPFO 2024, an annual academic event aimed at offering the latest updates on tools and strategies to help mitigate unethical behavior in Fraud Prevention, Compliance, Internal Audit, and Risk Management areas. It was here that two industry leaders met: Mr. Hossam El Shaffei, President of the ACFE Chapter in Egypt and Jordan and CEO of Oversight Consulting & Training, who participated as a speaker, and Mr. André Barrantes, CEO of Shogun Monitor System and President of the event's organizing committee.

Oversight Consulting & Training is a leading consulting firm in fraud prevention and assurance, renowned for its expertise in the ACFE Certified Fraud Examiner (CFE) exam review course. The firm is led by Mr. Hossam El Shaffei, who has over 30 years of experience working with multinational organizations such as the United Nations (UN) and USAID. He is a prominent figure in internal oversight within auditing, investigations, inspection, financial management, and administration across organizations in the Middle East and North Africa.

This partnership is the result of a legacy that began at CLAPFO 2024, centered on an agreement for the exchange of technology and governance practices between both organizations in the field of ethics management. The aim is to create a global vision of fraud as an issue that impacts any organization, offering cutting-edge strategies and tools to protect the interests and ensure the integrity of client operations. It also seeks to generate a positive impact on professionals across different regions through the dissemination of information, findings, and tools to help identify and mitigate unethical behavior in our regions.

As the first activity of this agreement, the virtual panel “Fraud in Organizations: General Overview and Perspectives” was held, where the most relevant findings from the ACFE 2024 Nations Report were presented, along with an analysis of how the development of new standards impacts the practice of Internal Audit and helps mitigate fraud. This panel gathered 1,200 registered professionals from over 50 countries including Afghanistan, Albania, Angola, Algeria, Argentina, Barbados, Bahrain, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominica, Ecuador, Egypt, El Salvador, Spain, the United States, Greece, Guatemala, Honduras, India, Iraq, the Cayman Islands, the Virgin Islands, Italy, Jamaica, Jordan, Kuwait, Lebanon, Morocco, Mexico, Nicaragua, Oman, Panama, Paraguay, Peru, Puerto Rico, Qatar, the United Kingdom, the Dominican Republic, Somalia, Switzerland, Suriname, Trinidad and Tobago, Tunisia, Uruguay, and Venezuela. The event was also supported by various ACFE Chapters from Bahrain, Costa Rica, Egypt, Jordan, Lebanon, and Oman, demonstrating the need to create a global network that promotes a culture of ethics and transparency worldwide.

The panel featured Mr. André Barrantes, a leader in training and technological tools for assurance and fraud prevention in Latin America, as the moderator of two global industry giants: Mr. Hossam El Shaffei, President of the ACFE Chapters in Egypt and Jordan, member of The Internal Audit Foundation’s Board of Trustees, and CEO and founder of Oversight Consulting & Training with over 30 years of experience; and Mr. Jorge Badillo, an auditing expert with over 26 years of experience, who has served as the former President of the Latin American Federation of Internal Auditors (FLAI) and the Institute of Internal Auditors (IAI) of Ecuador. He is currently a Board Member of the Global Institute of Internal Auditors (The IIA) and has held key positions in internal audit, risk, and compliance within the mining industry. The gathering of these distinguished leaders in a single event, working toward the same goal, marks a milestone for the profession on a global scale.

This collaboration represents a decisive step in the globalization of the fight against corruption. By uniting knowledge and efforts, we aim to strengthen governance and transparency standards worldwide, advancing the fight against corruption, fraud, and unethical behavior in every region.

We hope that this collaboration serves as an inspiration to all organizations that promote ethical practices in their operations. Once again, we would like to thank Oversight Consulting & Training for joining us on this journey that is only just beginning.

Author: Guillermo Casal
International consultant and trainer in fraud prevention and investigation and anti-money laundering. He is a Certified Public Accountant, holds a Master's degree in Economics and Administration, and has six international certifications, including the CFE (Certified Fraud Examiner), CIA (Certified Internal Auditor), and CISA (Certified Information Systems Auditor).