Countering fraud in charities and Not-for-Profit organisations
- August 2011
- 85 KB
- Countering fraud in charities and Not-for-Profit organisations(PDF)
- Area: Charities and Not For Profit
The National Fraud Authority estimates that fraud against the charity sector costs 1.3 billion a year, representing an estimated 2.4% of all income generated in this sector in the UK. As well as the obvious financial impact on charities and the resukting reduction in the services they are able to undertake, the reputation and public confidence built up over many years can be singnificantly dimished overnight. Despite the significance of this, the importane of managing inernal and external fraud risk is often underestimated.