AS8001: Are you ready for changes to fraud and corruption control?

A new Australian Standard AS8001:2008 - Fraud & Corruption Control, released on 11 June 2021, brings significant changes to fraud and corruption control and is considered the benchmark when it comes to how organisations can mitigate fraud and corruption risks, particularly regarding cyber. In this article, Adam Simms Forensic Services, Partner provides background to the Standard, highlights the key changes, and gives guidance on how to assess your compliance.

As part of the development of this Standard, Adam – an experienced Financial Crime Lawyer - was invited to be part of the review of the existing Standard. Bringing his depth of understanding of this Standard and its application, we have also prepared an extensive checklist with the Board and Executives in mind - to assist in their understanding and ensure the right questions are being asked about their organisation’s current risks and controls. This checklist acts as a comprehensive guide to effectively implement fraud and corruption control practices that comply with AS8001:2021.

Read the full article and download the checklist here.

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