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Published byDina Jocelyn Warner Modified over 9 years ago
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Anti-Corruption and Anti-Fraud How to deal with corruption and fraud beyond Policies and Strategies
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Practical guidelines to Fraud risk management from a Cederberg Municipality perspective 1. There is no doubt that the task of developing an enterprise-wide anti-fraud and anti-corruption strategy can be daunting. 2. However Fraud risk management should be implemented by both small and large organizations.
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Cederberg applied the following practical steps to improve fraud risk management and dealings with corruption. 1.Implement a written policy of fraud risk management to convey the expectations of the council and senior management regarding managing fraud risk. 2.Annual Risk assessments should be completed.
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3. Evaluate the effectiveness of internal controls. a.When evaluating the effectiveness of internal controls the following must be considered: I.The legislative background; II.Accountability; III.The limitations of internal controls; IV.How do you know the controls are working? V.Look at Best-practice internal controls?
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4. The Importance of Internal reporting. a.Design a proper internal reporting system; b.The reporting system must be Practical; c.What does the legislation require? d.Who is responsible? e.Keep track of reporting; f.Establish targets and evaluate effectiveness; g.Best-practice principles;
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5. External reporting. a.Apply the same principles as Internal Reporting; 6. Public interest disclosures and awareness. a.Implement a policy: address the following key issues: a.Inform the public and clients regarding the Anti-Fraud and Corruption Policy; the Code of Conduct for Councillors and Officials. b.whistle-blowing system: toll free number; c.Keep within the legislative framework;
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7. Strengthen Internal Audit Unit. Internal Audit is limited to a number of hours per annum according to the RBAP. This is not sufficient. a.Outsource certain specialised functions to external experts; i.e. a review of your financial internal controls. 8. Code of conduct. a.Regular training of officials and councillors; b.Sign-off by officials and councillors; c.Follow zero tolerance attitudes.
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9. Staff education and awareness. Inform/ train/ work-shop the Anti-Fraud and Corruption Policy; the Code of Conduct; whistle-blowing process with all of your officials at all levels. do this on a continuous basis.
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General Comments 1.South Africa's numerous anti-corruption agencies and laws indicate a strong political will and commitment towards combating corruption. 2.However, there must be an internal drive from within the organisation, or else the fight against corruption will stay a paper exercise which affects the operating ability of the organisation.
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