1This guide is based on the ﬁrst edition of
Fraud Risk Management: A Guide to Good Practice.
The ﬁrst edition wasprepared by a Fraud and Risk Management Working Group, which was established to look at ways of helpingmanagement accountants to be more effective in countering fraud and managing risk in their organisations.This second edition of
Fraud Risk Management: A Guide to Good Practice
has been updated by Helenne Doody, aspecialist within CIMA Innovation and Development. Helenne specialises in Fraud Risk Management, having workedin related ﬁelds for the past nine years, both in the UK and other countries. Helenne also has a graduate certiﬁcatein Fraud Investigation through La Trobe University in Australia and a graduate certiﬁcate in Fraud Managementthrough the University of Teeside in the UK.For their contributions in updating the guide to produce this second edition, CIMA would like to thank:Martin Birch FCMA, MBA Director – Finance and Information Management, Christian Aid.Roy Katzenberg Chief Financial Ofﬁcer, RITC Syndicate Management Limited. Judy Finn Senior Lecturer, Southampton Solent University.Dr Stephen Hill E-crime and Fraud Manager, Chantrey Vellacott DFK.Richard Sharp BSc, FCMA, MBA Assistant Finance Director (Governance), Kingston Hospital NHS Trust.Allan McDonagh Managing Director, Hibis Europe Ltd.Martin Robinson andMia Campbell on behalf of the Fraud Advisory Panel.CIMA would like also to thank those who contributed to the ﬁrst edition of the guide.
CIMA, the Chartered Institute of Management Accountants, is the only international accountancy body with a keyfocus on business. It is a world leading professional institute that offers an internationally recognised qualiﬁcationin management accounting, with a full focus on business, in both the private and public sectors. With 164,000members and students in 161 countries, CIMA is committed to upholding the highest ethical and professionalstandards of its members and students.© CIMA 2008. All rights reserved. This booklet does not necessarily represent the views of the Council of theInstitute and no responsibility for loss associated to any person acting or refraining from acting as a result of anymaterial in this publication can be accepted by the authors or publishers.