Misspending government funding is the top risk area for fraud today, reveals new research by CIPFA, the Chartered Institute of Public Finance and Accountancy, and Moore Stephens, the top ten accountancy firm.
John Baker, Director at Moore Stephens, commented: “Government grants are often seen as an easy fraud target.
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. CIPFA shows the way in public finance globally, standing up for sound public financial management and good governance around the world as the leading commentator on managing and accounting for public money.
The CIPFA Counter Fraud Centre leads and coordinates the fight against fraud and corruption across local and central government, the health, education and charity sectors. It supports public sector bodies to: