B.C. auditor general renews calls for better fraud risk management in public bodies

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B.C. auditor general renews calls for better fraud risk management in public bodies
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A survey of 23 public bodies that manage provincial assets showed more than half had been the victim of some form of fraud in the past year.

Pickup says the survey of 23 public bodies that manage more than 85 per cent of provincial assets showed more than half had been the victim of some form of fraud in the past year.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

He says the survey results show the province’s public institutions, including Crown corporations, school boards and health authorities, all need to be aware of fraud risks and educate employees to spot potential instances. Pickup says the most commonly reported form of fraud was theft of physical assets, with 43 per cent of respondents reporting cases in the last year.Article content

The auditor general says the survey is meant to “promote discussion” about deterring and detecting fraud, and elected officials can dig deeper into the results to hold government accountable about specific instances.B.C. residents hit with $956,000 in penalties for promoting fake gold-mining investmentsOur in-depth journalism is possible thanks to the support of our subscribers. For just $3.

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