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The importance of reporting fraud and corruption by public sector agencies

  • Russell Smith
  • Presented at: Public sector fraud and corruption, Canberra, 27-29 July 2005

Abstract

This paper argues that effective reporting of fraud can offer a wide range of benefits for both government agencies and the community as a whole. These include raising awareness of fraud victimisation which can help to create a fraud-averse culture amongst management and employees; enabling effective quantification of fraud victimisation for risk-management and resource allocation purposes; helping to evaluate existing fraud minimisation procedures by seeing if they have been effective in preventing fraud from taking place; compiling intelligence which can be used for policing and fraud prevention activities; providing feedback to those who have detected fraud to reward their vigilance; enabling information on new crime methodologies to be shared with others at risk of similar types of victimisation; and assisting in the compilation of statistical data for trend identification and analysis.

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