Just like other areas of society, schools are subject to
the risk of fraud. Moore Stephens can provide an integrated fraud
review process, helping you prevent fraudulent activity by ensuring
that your systems are appropriate and risk management processes are
The school education framework in Australia is undergoing
critical change. As a result, schools are under increasing pressure
to educate students while negotiating a constant shift in
legislative, fiscal and economic requirements.
Our schools are working hard to enhance the quality of the
education experience, to improve staff ratios and deliver the
quality of education that helps students blossom into capable
adults with the necessary life skills and experience for
Moore Stephens recognises the challenges many schools encounter
when balancing the need for quality education with the shifting
environment. Therefore, it goes without saying that we also
appreciate how easily fraudulent activity can develop in an
environment where stakeholder pressure and government imposed
obligations are high.
How we will help you
As in all areas of our society, corporate or otherwise,
fraudulent activity arises in a myriad of ways. Here at Moore
Stephens, the types of fraudulent activity that we commonly find in
schools include unauthorised credit card payments, payments to
non-existent persons, skimming and unauthorised or overuse of
expenses. Overall, we have identified 15 potential areas where
fraudulent activity may be susceptible within your school.
At Moore Stephens, our National Education Group has broad
reaching experience when it comes to developing effective school
governance structures and uncovering processes vulnerable to
fraudulent activity. These specialists will help you establish
appropriate systems and help create frameworks that drive a culture
built on trust and integrity.
Fraud Health Checks
Moore Stephens has developed a set of 'Health Check'
reviews for the key fiscal areas of your organisation, including
fraud. The review process will follow the steps as outlined on the
The 'Fraud Health Check' review process
Step 1: Engagement
Meet with your team to confirm the approach.
Step 2: Research
Identify documentation to assist us in identifying the potential
for fraud within your organisation, such as organisational charts,
procedure manuals and delegation authorities.
Step 3: Review
Meet with your team and conduct the review using our unique
'Fraud Health Check', which investigates 15 distinct
potential areas for fraudulent activity
Step 4: Report
Draft Fraud Health Check Report and discuss with your team.
Step 5: Finalisation
Finalise report with your team and meet with the Board to
Coordination and Control
The overall coordination of the Fraud Health Check is the
responsibility of your relationship partner who maintains an
involvement throughout the review process. We will monitor progress
and inform you of any unexpected deviations from the planned
The Sportscraft refunds and returns policy limitations went beyond consumer's rights under the Australian Consumer Law.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).