(Report 6: 2017–18)
Recent fraud attempts in the Queensland public sector highlight the need for agencies to implement effective fraud control measures.
To effectively manage and identify fraud risks, agencies need to examine their business environments to understand its potential exposure to fraud. Agencies that do not dedicate sufficient time and resources to understanding their fraud risks, can be exposed without realising it.
This audit assessed if agencies appropriately identify and assess fraud risks, and apply appropriate risk treatments and control activities to adequately manage their exposure to fraud risks.
The report also includes better practice statements for fraud risk management, common fraud risks, and guidance for conducting a fraud risk susceptibility analysis. We have also published a fraud risk assessment and planning tool to help agencies idenitfy, record and monitor fraud risks. You can download the tool by clicking 'Download better practice guide' on the left-hand menu.