A unique tool to help transform how your organisation manages its fraud risk process
When it comes to managing fraud risks, it’s tempting to simply file them away in a risk register without any review or action.
But identifying and assessing the risks is only the first step. Organisations must also understand the factors and behaviours that create the fraud risks and develop clear mitigation plans.
To help public sector organisations manage their fraud risk process more effectively – and boost their fraud defences - CIPFA has developed the Fraud Risk Wheel.
If you have purchased the Wheel or your organisation subscribes to the Centre, click here to login and begin using it.
The Wheel is an interactive, web-based tool that presents detailed guidance on different fraud risks.
The guidance includes how the different risks arise, the steps or controls that can be put in place to mitigate them and case studies to illustrate how similar organisations have dealt with the issues.
The information is presented online in a visually appealing ‘wheel’ format – you simply click on different segments of the wheel to drill down to further, detailed information.
The tool, which is accessed via the CIPFA website, features four of the most prevalent fraud risks:
More risk types will be added later in the year.
The Wheel is designed to help you:
The Wheel, including the first four risk types listed above, costs £495 +VAT.
If your organisation subscribes to the Counter Fraud Centre, you will receive a 10% discount.
Purchase the Wheel online.
If you have any queries about the Wheel, please contact us on +44 (0)207 543 5600 or at firstname.lastname@example.org.