TPP Finance Breakfast Seminar

17th November 2015

Rob Hayter, Director – Senior Appointmentsand

Matt Adams, Senior Consultant – Senior Appointments (Corporate Resources)

Finance Recruitment overview – 2015 • Steady increase in roles – consistent across temporary,

interim (fixed term) and permanent• “Election blip”• International charities see particularly strong growth• Significant increase in Part-time roles• Continued demand for “Finance Business Partners”

Finance Recruitment – predictions for 2016 and beyond • More candidates from Commercial sector and Practice• Web-based accounting• The role of finance - time for Finance Directors to grab

the limelight!• Flexible/Agile working• Innovation and income diversification

“Charity Expertise Award”“Overall Service Award”Top three for eight consecutive yearsAnnual Charity Finance Audit Survey

• Fraud and Internal Controls

Anna BennettCharities Partner

abennett@haysmacintyre.com020 7969 5542

• A few facts about fraud

• Real life examples

• Charity Commission expectations of trustees

• What to do next

Session Overview

Annual Fraud Indicator (2013)

47%

15%

14%

24%

source: annual fraud indicator 2013

payment/banking fraud

accounting fraud

identity fraud

other

Types of Fraud

CIMA – Fraud risk management, A guide to good practice

The Fraud Triangle

CULTURECONTROLS

POLICIES TRAINING

1. CHANGING AND VALIDATING SUPPLIER DETAILS

TOP 10 FRAUDS

2. FRAUDULENT EMAILS

TOP 10 FRAUDS

3. ONLINE PAYMENTS

TOP 10 FRAUDS

4. EXPENSES AND CREDIT CARDS

TOP 10 FRAUDS

5. LOSS OF DATA

TOP 10 FRAUDS

6. INVOICES

TOP 10 FRAUDS

7. CHEQUES

TOP 10 FRAUDS

8. PROCUREMENT

TOP 10 FRAUDS

9. BANK TRANSFERS

TOP 10 FRAUDS

10. PAYROLL

TOP 10 FRAUDS

To safeguard money, assets and to act prudently:• Appropriate internal financial controls• Keep proper and adequate financial records• Consider other practical measures• Consider due diligence, monitoring and

verification of use of funds• Deal responsibly with incidents

To prevent and detect fraud

Charity Commission Expectations of Trustees

1. Outlines a charity’s attitude to, and position on, fraud and sets out responsibilities for its prevention and detection

2. Communicates important deterrence messages to staff and others

Anti-Fraud Policy

1. Policy statement

2. Definition of fraud

3. Key responsibilities

4. Reporting suspicion

5. Fraud response plan

Formulating an Anti-Fraud Policy

• Review areas of risk and controls in place

• Put controls in place• Make sure they’re written down• Make sure people know what they are• Put together a fraud response plan• Talk to staff• Check your insurance policy

What to do next…

Resources

?

Thank you for attending today.

TPP Finance – finance@tpp.co.uk0207 198 6050

TPP Senior Appointments – executive@tpp.co.uk

0207 198 6060