The Charity Commission has launched a survey, aimed at helping to better understand both charities’ resilience to fraud and their levels of cyber security
The commission highlights the fact that fraud is a growing problem for the third sector, costing hundreds of millions, potentially billions, of pounds each year.
Roughly 70 per cent of all fraud is now committed online, meaning a charity’s valuable funds, operations, data and reputation can be at risk from a wide range of fraud and cyber-crime.
In partnership with the Fraud Advisory Panel, the Charity Commission has invited 15,000 charities, to take part in the survey, by completing a questionnaire.
Alan Bryce, Head of Development and Operational Intelligence at the Charity Commission said: This is a really important project that should significantly improve our understanding of what’s happening across the charity sector and shape our regulatory engagement, helping to build a stronger counter-fraud culture for the future. I urge those charities contacted to get actively involved and complete the questionnaire – your answers really will make a difference.
The Commission intends to publish the findings of the research later this year.
About our Charities team
With Mark Sharpley, UK200Group specialist legal sector member, and fellow partners Steve Bramall and Luke Taylor at the helm of an experienced team of charity finance specialists, Smailes Goldie is well positioned to offer advice to the charity and not-for-profit sector.
We understand that charities are now facing a more challenging environment than ever before, so it is essential to have a team of accountants who understand the fast changing nature of this sector, which has more regulatory and compliance requirements than most.
If you feel that you need advice on any of the issues discussed in this e-bulletin, Smailes Goldie are here to help.