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Last updated: 18 Oct 2021 11:11 Posted in: AIA

Fraud is an ever-evolving and increasing criminal threat to society. No organisation – charitable or otherwise – can make itself completely immune to fraud but it can take steps to minimise the risks. Association of International Accountants (AIA) is committed to doing precisely that, which is why we have signed the Fraud Pledge.

By taking the pledge we are showing that we work actively to prevent fraud, wherever it might occur in our organisation.

Every charity, NGO and not-for-profit is susceptible to fraud and cybercrime by criminals exploiting the current global crisis. Charities, and their professional advisors, need to be aware of the risks and take steps to keep their money, people and data safe.

Here's some steps you can take today to help prevent fraud:

• Basic cyber-security measures help prevent cybercrime. Think passwords, backups and updates
• Review fraud controls regularly and make improvements where necessary
• Robust internal financial controls help prevent fraud
• Due diligence in all staff and recruitment matters is essential
• Risk assessments can help identify and prioritise fraud risks
• Fraud awareness training should be continuous and regularly evaluated

AIA President Shahram Moallemi said: "Charities working internationally can face financial crime risks due to the environments they operate in. It is essential these risks are assessed and controlled and accountants play a vital role in that work. I am proud that the AIA has taken this pledge and continues to offer it members the tools, guidance and support to help in the fight against fraud."