Code of practice on managing the risk of fraud and corruption

Code of Practice on Managing the Risk of Fraud and Corruption

Summary

Leaders of public sector organisations have a responsibility to embed effective standards for countering fraud and corruption in their organisations. This Code outlines five key steps a leadership team should follow to ensure the risk of fraud within their organisation is minimised.

Format

PDF

Published

Jan 2014

Author

CIPFA

FREE

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Leaders of public sector organisations have a responsibility to embed effective standards for countering fraud and corruption in their organisations. This supports good governance and demonstrates effective financial stewardship and strong public financial management. 

The Code of practice on managing the risk of fraud and corruption outlines five key principles an organisation should follow to avoid fraud and the specific steps involved: 

  • acknowledge the responsibility of the governing body for countering fraud and corruption
  • identify the fraud and corruption risks
  • develop an appropriate counter fraud and corruption strategy
  • provide resources to implement the strategy
  • take action in response to fraud and corruption.