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    This document summarizes a presentation about raising fraud awareness. It discusses how raising fraud awareness is important for good governance and to prevent loss of resources. It then describes the speaker's organization's approach to raising awareness, which included running half-day seminars on hot fraud topics for managers, exercises to discuss fraud examples, and providing information on fraud indicators and whistleblowing policies. The presentation also provided statistics on common fraudster demographics and outlined additional efforts that could be taken like online training and data matching to further raise fraud awareness.

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    AG_061117FraudForumPeterFarrow

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    This document summarizes a presentation about raising fraud awareness. It discusses how raising fraud awareness is important for good governance and to prevent loss of resources. It then describes the speaker's organization's approach to raising awareness, which included running half-day seminars on hot fraud topics for managers, exercises to discuss fraud examples, and providing information on fraud indicators and whistleblowing policies. The presentation also provided statistics on common fraudster demographics and outlined additional efforts that could be taken like online training and data matching to further raise fraud awareness.

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    11 views21 pages

    AG 061117FraudForumPeterFarrow

    Uploaded by

    jubail13
    This document summarizes a presentation about raising fraud awareness. It discusses how raising fraud awareness is important for good governance and to prevent loss of resources. It then describes the speaker's organization's approach to raising awareness, which included running half-day seminars on hot fraud topics for managers, exercises to discuss fraud examples, and providing information on fraud indicators and whistleblowing policies. The presentation also provided statistics on common fraudster demographics and outlined additional efforts that could be taken like online training and data matching to further raise fraud awareness.

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    of 21

    Raising Fraud Awareness –

    The Key to Success


    CIPFA North West & North Wales Society Audit
    Group Fraud Forum - Preston North End FC
    17 November 2006
    Peter Farrow
    Audit Services Manager
    Sandwell MBC & West Midlands Fire Service
    Raising Fraud Awareness

    Times are hard!


    Raising Fraud Awareness

    Latest fraud identification equipment


    Why is raising fraud awareness
    important?
    • Increased importance as part of good
    governance
    • Loss of resources
    • Demoralising
    • Negative publicity
    Role of Internal Audit

    • Assurance on controls
    • Ensure compliance with guidelines and any
    relevant statutes
    • Advice and support
    • Thorough investigation
    • Greater knowledge of fraud (not committing
    though)
    • Raising awareness
    Approach

    • Allocation of time for fraud related activities in


    the Audit Plan
    • Dedicated Senior Fraud Auditor
    • 14,000 + staff
    • Chose to run a series of seminars
    • Kept to half a day
    • Relaxed location (coffee & cakes – inducement!!)
    • Open invitation to all managers
    Raising Fraud Awareness

    • Plan B
    • Invite included hot topics (identity theft,
    email phishing, money laundering etc.)
    • Miraculously over 80 signed up to
    attend in the first wave – of their own
    free will
    Raising Fraud Awareness

    • Included Benefits and Corporate Investigation


    speakers (spread the load)
    • Exercise: examples of fraud, split into groups
    & obtain feedback
    • Indicators of fraud
    • Identity theft leaflets www.identitytheft.org.uk
    • Fraudster profiles
    Raising Fraud Awareness

    • 68% of fraudsters aged 36-55 (only 1% aged 18-25)


    • 82% of fraud committed by middle management and
    above
    • Average Fraudster – Male, director, in finance, under
    45, 5-10 years experience, with collusion, gain
    <£100,000
    Raising Fraud Awareness

    • Whistle blowing policy


    • Anti-fraud and corruption policy
    • Code of conduct for officers and
    members
    • Gifts and Hospitality Policy
    • Fraud Hotline
    • Fraud Awareness Sessions
    Raising Fraud Awareness

    • The “FRAUDitor” (quarterly e-newsletter)


    Raising Fraud Awareness

    • Guide for managers ‘Fraud Awareness’


    • NFI
    • Build links with other authorities
    • Targeted/pro-active testing of areas
    vulnerable to fraud
    • Fraud Risk Group
    Raising Fraud Awareness

    Fraud Risk Register:


    • Past experience
    • Client concerns
    • National issues
    • Impact
    • Likelihood
    What more could be done?

    • Build links with the local NHS Counter Fraud


    team
    • Training video
    • Online Quiz
    • Qualifications – CIPFA Investigative Practice
    Qualification
    • Fraud Surgery
    • Data Matching (local level)
    What more could be done?

    • Poster campaign

    • Any thoughts?
    Outcome

    ** Feedback – Very good


    ** Requests to visit specific teams/areas
    ** Future seminars
    ** Contacts made
    ** Awareness raised
    ** Cliff Nicholson Runner Up
    Useful Reading:

    • HM Treasury – Managing the Risk of Fraud, A Guide


    for Managers
    (available on www.hm-treasury.gov.uk website)
    • Fraud & Corruption in Public Services – Peter Jones
    • Fraud 101 Techniques & Strategies for Detection –
    Howard Silverstone
    Any
    Questions?

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