[PDF] Fraud Awareness and Prevention Checklist

How can we prevent fraud?

• We will prevent Businesses, 1 Raising awarenessmore fraud by public sector and Regular, comparable surveys of fraud achieving a step voluntary sector awareness, prevention awareness & change in awareness organisations behaviour, victimisation and victim of fraud among the and individuals satisfaction.

What is the new fraud risk management guidance?

• The new guidance, Managing the Business Risk of Fraud: A Practical Guide, provides executives with information about leading fraud risk management practices, and it shows how the different elements of a fraud risk management program can work together to create a more effective whole.

How can we be tougher on fraudsters?

• ENFORCEMENT: We will strengthen our response to be tougher on fraudsters by disrupting and punishing them more efficiently and effectively. Fighting Fraud Together is a genuine partnership between the public, government, law enforcement, the wider public sector, private sector organisations and the voluntary sector. It will ensure that:

How can external auditors improve fraud prevention & detection?

• Separately to improve fraud prevention and detection, external auditors could be required under an accepted framework to assess and report on a public interest entity’s internal controls and risk management processes (including how the company monitors and tests compliance) to boards, regulators and the public.