Assurances about the effectiveness of actions taken to reduce the risk of fraud should be obtained e.g. stewardship reporting control self assessment, the work of internal audit and the work of other review bodies. Links The guide can be found online at and contains a number of useful appendices. Application to EDOs Small Medium Large Assessing the organisation’s To be assessed at high Full compliance Full compliance overall vulnerability to level by board. recommended. essential. fraud. Identifying area most Formal process not Full compliance Full compliance vulnerable to the risk of required. recommended. essential. fraud. Formal process not Full compliance Full compliance Assigning ownership. required. recommended. essential. Evaluating the scale of Formal process not Full compliance Full compliance fraud risk. required. recommended. essential. Responding to the risk of Formal process not Full compliance Full compliance required. recommended. essential. fraud.
Assurances about the effectiveness of actions taken to reduce the risk of fraud should be obtained e.g. stewardship reporting control self assessment, the work of internal audit and the work of other review bodies. Links The guide can be found online at and contains a number of useful appendices. Application to EDOs Small Medium Large Assessing the organisation’s overall vulnerability to fraud. To be assessed at high level by board. Full compliance recommended. Full compliance essential. Identifying area most vulnerable to the risk of fraud. Formal process not required. Full compliance recommended. Full compliance essential. Assigning ownership. Formal process not required. Full compliance recommended. Full compliance essential. Evaluating the scale of fraud risk. Formal process not required. Full compliance recommended. Full compliance essential. Responding to the risk of fraud. Formal process not required. Full compliance recommended. Full compliance essential.