Does your charity have a problem with cybercrime? Could your charity be leaking money to fraudsters and cybecriminals, reducing the amount of funds it can direct to its good causes? This week is International Charity Fraud Awareness Week 2019 and today we are asking charities whether they think they have a problem with Cybercrime. The […]
Does your charity know what fraud risks it is exposed to? Could your charity be leaking money to fraudsters, reducing the amount of funds it can direct to its good causes? This week is International Charity Fraud Awareness Week 2019 and today we are asking charities whether they have undertaken an organisational risk assessment. In […]
Assessing your risks This week is International Charity Fraud Awareness Week 2019 and we are showing our support by not only helping to share great advice and resources provided by organisations such as the Fraud Advisory Panel and the Charity Commission we are going to be once again running our ‘Let us show you how’ […]
An Holistic approach to managing fraud risk Does your organisation simply react to incidents of fraud or do you proactively manage the risk? Fraud losses should be treated as a business cost and organisations should take a strategic approach to reducing those losses. Organisations that put in pace an holistic fraud strategy do not […]
Which of these best describes your organisation’s response to a fraud or cybercrime attack? No system of internal control can provide absolute assurance against fraud occurring. As a result, organisations’ s should develop a system for prompt, competent, and confidential review, investigation, and resolution of instances of non-compliance and allegations involving potential […]
An holistic fraud strategy requires a team effort involving many different disciplines such as: Finance, Legal, Audit, Risk and HR. But do each team know what their role is in fighting fraud? We have produced the below infographic that explains how HR can be involved in fighting fraud throughout the employee lifecycle. If you […]
A confidential channel for employees, contractors, suppliers and customers to report concerns is an essential element of a holistic fraud strategy. Here are 5 reasons why people don’t raise concerns – so avoid these elements if you want to have an effective whistleblowing procedure. Barriers to effective whistleblowing No corrective action – Employees who were […]
So what have Fraud Detection Techniques and Sherlock Holmes got in Common? RECOGNIZING WHAT IS MISSING In Arthur Conan Doyle’s short story ‘Silver Blaze’, Sherlock Holmes has to solve the riddle of a missing race horse and a murdered stable boy. The solution to this case depended on a detection technique that’s far from new, but that […]
Walt Pavlo is a convicted criminal who claims that he was pressured by his bosses to commit financial statement fraud at MCI/WorldCom. Similar to many other people who commit fraud, Pavlo didn’t feel as though he was doing anything wrong in the beginning. He felt that he was doing his job and making his employers […]
A recent article outlining the key findings of the investigation into the Chernobyl disaster made me realise the links between Health and Safety issues and Fraud. One of the findings from Chernobyl was that a lack of Health and Safety culture played a significant role in the disaster. This is not dissimilar to the need […]
