White Paper - Fraud and Corruption Risk Assessments

Whitepaper

This is a members only resource.

Author

Barry Davidow

BCom, BAcc, MTaxLaw, ACA, CFE, CRMA, PFIIA, Advanced Diploma of Government (Management), Diplomas in Risk Management and Business Continuity, Government (Fraud Control), Government (Investigation) and International Financial Management.

Matthew Lyon

B.Comm, CPA, AMIAA

Date

2023

Topics Explored

Risk Management, Fraud + Corruption

Format

White Paper

Extract/Description

Using categories as prompts in fraud and corruption risk assessments can help ensure significant risks are identified. The categories used should be those most appropriate to your organisation. The categories used in this white paper are generic and should be tailored.

Key Points

1. For most organisations, fraud and corruption are significant business risks.

2. In order to identify significant fraud and corruption risks it is helpful to use prompts.

3. Decisions are fertile ground for fraud and corruption, particularly when there are significant discretions, poor controls, and significant values involved.

4. Information is often an important item for inclusion in a fraud and corruption risk assessment.

5. Sources of revenue should generally be considered for associated fraud and corruption risks.

6. The most significant fraud and corruption is associated with outflows of funds.