Accountancy firm warns of IT fraud

Third sector organisations will need to strengthen their risk assessment procedures if Charity Commission proposals that charities should list instances of fraud on their annual returns go ahead, an accountancy firm has warned.

"Developments in online banking and the increase in donors setting up direct debits mean charities run the risk of funds being intercepted by IT-proficient fraud experts," said David Dearman, a partner and forensics expert at accountancy firm PKF.

"The problem is that no one wants to talk about fraud; the last thing a charity wants is for its donors to realise their money is lining the pockets of fraudsters."

PKF is running a series of free risk-management seminars throughout the country between March and May.

Separately, the commission's consultation on serious incident reporting is due to end on 19 March.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Cyber and data security - how prepared is your charity?

With a 35 per cent rise in instances of data breaches in Q2 and Q3 last year, charities must take cyber security seriously

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now