Fraud Risk Assessment

Fraud is a serious problem that Boards can’t afford to ignore. It’s potentially costing the third sector billions of pounds each year and can jeopardise public trust and confidence.

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Why is tackling fraud important to Boards?

Boards are the custodians of their social purpose organisations and have a duty to manage their organisation’s resources responsibly. They have legal duties and responsibilities under charity and other law to safeguard their organisation and to ensure that its funds and assets are protected, properly used and applied, and accounted for. The public needs to be sure that money donated to social purpose organisations is used properly and goes to the causes for which it is intended.

Fraud Risk Assessment

To help Boards assess their risk and exposure to fraud, we’ve created a Social Purpose and Non Profit Fraud Risk Assessment. This document contains a detailed overview of the guidance issued by the Chairty Commission and other bodies, highlights best practice and culminates in a set of useful questions and checklist Boards can use to understand their risk.