Switching on a Fraud Control Dashboard for your Organisation Stephen Horne Managing Director IAB Services (a NSW GTE) Corruption Prevention Network

The origins of our current approach to fraud control in NSW can be linked back to this 1990 policy directive. But few can remember it, or have ever seen it! It was not a formal circular or Memoranda.

The NSW Audit Office 1994 Better Practice Guide has become a popular product.

2005 update for the 10-point fraud control strategy Integrated Macro PolicyNotification Systems Responsibility StructuresDetection Systems Fraud Risk AssessmentExternal Notification Systems Employee AwarenessInvestigation Systems Customer and Community Awareness Conduct and Disciplinary Systems

Building a Fraud Control Dashboard.

On the bright side, things have been improving These are the ones that matter most highly effective effective

After 14 years only 50% at “effective” or better So 50% not up to par?? But is it enough?

= risk assessment; employee & customer awareness; investigations Looking more closely, there are some major concerns

Fraud Control Improvement Kit “ By using this kit an organisation can: –assess whether, and where, the implementation of its fraud control strategy needs to improve –develop a targeted plan for improving the implementation of its fraud control strategy –monitor the ongoing extent of implementation of its fraud control strategy across all work areas within the organisation ”

A simple method of data collection.  if the fraud control framework was working effectively, it would generate a testable “fraud control environment”  this seeks to test that environment through staff perceptions  it is not an audit “of fact”, it is a test of the operating reality  takes staff just 5 minutes

A simplified management report.  download spreadsheet from Audit Office website  has been calibrated to be sensible and usable  input the survey data into a spreadsheet and the report is instantly created  dashboard indicator report to the Audit Committee  Audit Committee recommends action to the CEO

Leading to targeted action (cost effective)

Attributes Needing Attention flagged by the Healthcheck as needing attention across the organisation refer to a relevant “organisational owner” for action lets have a look ….

Which Attributes Need Attention?.

Work Areas Needing Attention flagged by the Healthcheck as needing attention initiate a “fraud control improvement workshop” lets have a look ….

Which Work Areas Need Attention?.

Improvement Workshop only initiated where necessary independent facilitator 10 modules, takes about 3 hours there may be substantive issues, or there may just be a lack of awareness. Either way there is a problem and this can fix it produces an improvement action plan that is then monitored by the Audit Committee

Switching on a Fraud Control Dashboard for your Organisation Stephen Horne Managing Director IAB Services (a NSW GTE) Ph: