Best Practice

Are you aware of fraud risk?

Figures suggest that discovered fraud in the schools sector was in the region of £1 million last year. Expert Dave Verma offers eight steps schools can take to lower the risks

Fraud is an insidious and often hidden crime. Total UK fraud losses last year are estimated at £193 billion, with £144 billion in the private sector and £37.5 billion in the public sector, of which £7.3 million was in the local government arena.

In these days of austerity and cuts, fraud affecting the public purse is particularly heinous. When a school becomes the victim, the financial and reputational damage is very real and the inevitable victims are the children themselves.

Finance is often an area that can cause headteachers something of a headache. Especially new heads who might have been brought in to urgently address educational standards but often find themselves stumbling into chaos regarding the way in which finance, HR and admin systems have been operating.

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