The cost of fraud to the social purpose organisation sector has been estimated to be potentially billions of pounds each year.
Fraud poses a serious risk to valuable funds, as well as sensitive data, and can damage the good reputation of social purpose organisations, affecting public trust and confidence in the sector as a whole.
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 to safeguard their organisation and to ensure that its funds and assets are protected, properly used and applied, and accounted for. Stakeholders and the wider public needs to be sure that money given to social purpose organisations is used properly and goes to the purposes for which it is intended.
We have created a document with relevant checklists and questions to ensure you assess fraud appropriately. This document contains references that have been made to the Charity Commission guidance. Although this is issued specifically for charities, it also identifies good practice which can be applied for all social purpose organisations including housing associations.
This document includes:
Download our Fraud Risk Assessment report