CAREERS: Worth A Look... Corporate Fraud - Prevention and detection

DAVID RICH, head of investigations for London and the South-East, The Charity Commission


The latest Tolley publication on corporate fraud contains chapters on a wide range of fraud types and situations, including one on charity fraud.

If a reader is involved in the sector then at first glance the seven pages on charities hardly seem worth the cost of the book. The checklist for avoiding various fraud are common sense, but perhaps none the worse for that, and other areas suffer from brevity. For example, we are told that charities need to complete a SOFA (Statement of Financial Activities) as part of their annual accounts when in fact this is only necessary for charities that complete accounts on an accruals basis.

However, looking at the book as a whole, a reader will find many instances of the types of fraud that can affect a charity as well as any other "business". Sensible advice is also provided on how to avoid fraud. Two examples of this are advance fee fraud and payroll fraud.

This book is not for professionals involved in the investigation of fraud.

Its approach is too broad and it contains too much information that seems to have been published elsewhere. However, the book will be of use to trustees and chief executives who want an overview of the types of fraud that their organisation may face.

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