CIPFA consults on counter-fraud code of practice

14 May 14
CIPFA is seeking views on a new counter-fraud code of practice, institute chief executive Rob Whiteman announced today

The code, which is voluntary, builds on CIPFA’s current guidance, Managing the risk of fraud, commonly known as the ‘Red Book’.

Launching the consultation on the new code at CIPFA’s audit conference, Whiteman said: ‘Tackling fraud and reinforcing good governance in the public sector is an essential part of increasing confidence in the way we spend public money.

‘CIPFA is committed to helping the sector to be as effective as possible and we hope that this new code will help public officials ensure that the resources they control are used in the most effective way and protected from fraud and misuse.’

The institute is also to take on the Audit Commission's counter-fraud work and will soon be launching a Counter Fraud Centre to support public officials.

The five elements on the code are to: acknowledge the responsibility of the governing body for countering fraud and corruption; identify fraud and corruption risks; develop and appropriate counter-fraud strategy; provide resources to implement the strategy; and to take action in response to fraud and corruption.

Further details of the code are available on the CIPFA website together with a response form for the consultation. The consultation closes on July 18.


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