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Date: April 30, 2024 Tue
Time: 12:46 am
Time: 12:46 am
Results for fraud investigations
1 results foundAuthor: Australia. Auditor General Title: Fraud Control Arrangements: Across Entities Summary: 1. Fraud against the Commonwealth is defined as 'dishonestly obtaining a benefit, or causing a loss, by deception or other means.' Fraud against the Commonwealth can be broadly categorised as being either external (fraud committed by clients or customers, service providers and members of the public) or internal (fraud committed by employees and contractors). In some cases, fraud against the Commonwealth may involve collusion between external and internal parties, which may not only result in loss for the Commonwealth, but may also involve corrupt conduct such as bribery and secret commissions. 2. The consequences of fraud against the Commonwealth include financial and material loss which can impact on the Australian Government's ability to deliver services and achieve its policy objectives. More broadly, fraud can result in reputational damage to government and responsible entities, and potential loss of confidence in Australian Government administration. 3. Fraud threats are ongoing and can affect any Australian Government entity. In 2010-11, external and internal fraud losses against the Commonwealth were estimated at $119 million. Approximately $116 million of these estimated losses related to external fraud, while some $3 million related to internal fraud. Details: Sydney: Australian National Audit Office, 2014. 120p. Source: Internet Resource: ANAO Report No. 3 3014-15: Accessed November 12, 2014 at: http://www.anao.gov.au/~/media/Files/Audit%20Reports/2014%202015/Report%203/AuditReport_2014-2015_3.pdf Year: 2014 Country: Australia URL: http://www.anao.gov.au/~/media/Files/Audit%20Reports/2014%202015/Report%203/AuditReport_2014-2015_3.pdf Shelf Number: 134062 Keywords: BriberyCosts of CrimesFinancial CrimesFraud (Australia)Fraud Investigations |