Published in October 2014, the CIPFA Code of Practice on Managing the Risk of Fraud and Corruption
is applicable to all public services organisations.
The code is comprised of five key principles, which are to:
- 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.
- offers a clear framework for developing and maintaining an effective counter fraud response
- is a useful tool for leaders to assess their resilience and capacity to tackle fraud
- is designed to be adopted at board level to guide future counter fraud strategy
- includes the activities and steps you can take to ensure the principles are actively upheld.
The code builds on previous guidance, Managing the Risk of Fraud: Actions to Counter Fraud and Corruption 2008
, known as the Red Book, and is supported by two products:
The code is underpinned by a set of guidance notes that explain the importance of the principles and how they can be applied in practice.
The notes feature tips on relating the code to the different governance frameworks in operation in the public services. The notes will be particularly useful to organisations that are looking to improve the effectiveness of their counter fraud arrangements.
If your organisation subscribes to the Counter Fraud Centre, you can download the guidance notes free of charge (you will need to log into the website to access them).
Alternatively, you can buy them here.
Assessment tool and benchmarking report
We have developed an accessible and easy to use Assessment Tool that measures your counter fraud arrangements against the code of practice.
- evaluates your performance against the Counter Fraud Code of Practice
- generates reports and graphs to illustrate your performance against the code
- includes examples of good practice to help inform your assessment
- records comments, providing a robust evidence base for the assessment
- enables you to track your and your team’s progress
- supports your Annual Governance Statement (AGS) and informs your development plans.
The Assessment Tool works by helping you to identify where your organisation’s strengths lie and where remedial action may be needed.
It also allows you to benchmark your organisation against others, giving you an invaluable insight into the experience of your peers.
Local authorities will find the Tool and benchmarking report particularly useful when preparing their AGS, which must include an evaluation of the adequacy of their counter fraud arrangements.
Watch our video to see how the Tool works.
Download a sample benchmarking report to see the breadth of information included.
If your organisation subscribes to the Counter Fraud Centre, you will be sent your bespoke assessment tool on joining the Centre.
Alternatively, you can purchase the Assessment Tool here.