Do you think NDIS & digital disruption will contribute to fraud in the NFP sector?
16 September 2015
Recently BDO opened its sixth Not-For-Profit (NFP) Fraud Survey to the sector in both Australia and New Zealand.
For 12 years, this survey has acted as a valuable benchmark for not-for-profit organisations, with the results providing important insight into the perception and level of fraud in the sector. Highlights from the 2014 findings revealed that while 90% of respondents see fraud as a problem for the sector, only 28% of respondents see fraud as a problem for their organisation. This was up 20% on the 2012 survey, which indicates the sector is becoming increasingly aware of fraud threats and vulnerabilities and recognising how they can impact their own organisation.
How will a new environment increase fraud?
As the sector is set for the roll out of National Disability Insurance Scheme (NDIS) the significance of such transition cannot be overstated - charities will need to learn how to thrive and adapt in a more commercial landscape. The 2016 survey will include additional questions around new areas impacting and potentially contributing to new cases of fraud.
BDO is committed to ensuring Not-For-Profits understand their susceptibility to fraud and educating them in the wide range of methods they can use to protect themselves into the future.
Share your insights and predictions
I invite NFPs to participate in our survey to help promote awareness and decrease fraud in the sector. It takes approximately 25 minutes to complete and will close on 30 October 2015. Even if your organisation has never experienced a fraud, your approach to managing the risk could provide valuable insight to others in the sector.
Please click here to complete the survey.
The survey findings will be launched in 2016 to provide a unique perspective for Not-For-Profits, as trend data captured for almost a decade has been compiled and analysed to reveal important insights about the identification, assessment and management of fraud within the sector.
Thank you in advance for your support of this valuable research project. Please comment below or connect with me if you have any questions.