A framework of reference

On 29 September the Chartered Institute of Public Finance and Accountancy (CIPFA) published a set of key essential actions that organisations should take to protect themselves from the damaging consequences of fraud and corruption. This article reviews a free framework that has been welcomed by both public and private sector practitioners.

Financial crime is often complex and those perpetrating fraud are becoming increasingly professional and well organised. The UK Government’s Fraud Review Report recommends a holistic approach to tackling the problem. The professional framework described below adopts this approach and outlines the essential action needed to be effective.