Financial fraud? Errors more often

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Errors are not the same as fraud.

Mostly they are in the recording and documentation.

Follow up action is taken.

When the Court of Auditors found problems in the recording of payments made in the regions of England, the European Commission stopped further payments and fined those responsible.

To get this into perspective.

In 2012/2013 fraud and error in the UK government’s Department of Work and Pensions amounted to £1.2 billion, a rate of 0.7 per cent.

The National Audit Office has qualified the department’s accounts every year for the last 20 years.

So how do we keep in touch with what’s going on?