IIA-Australia White Paper - Fraud and Corruption Risk Assessments 

IIA-Australia White Paper - Fraud and Corruption Risk Assessments 

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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



Topics Explored

Risk Management


White Paper


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.

Relevant Industries


Level of Assumed Knowledge