Charity Finance Group and PKF Littlejohn have launched a new guide to help charities proactively counter fraud. The guide follows the release of figures which were announced in May’s Annual Fraud Indicator (AFI), which show that the cost of fraud to the charity sector has increased by 73 per cent from £1.1bn in 2013 to £1.9bn.
Countering Fraud: A guide for the UK charity sector has been produced to help stop the financial, and reputational, damage that fraud can cost to a charity.
Heather McLoughlin, policy and public affairs officer at the CFG, said: “With increased public focus on charities and scrutiny in the media, it is really important that we get to grips with fraud. The financial and reputational impact of fraud can be significant, and it’s a problem that can affect any charity, from very small to very large. This guide will help finance professionals and trustees identify areas for improvement when building their resilience to fraud, and moving towards actively managing the risk of fraud."
source civil society 04.07.16