This is a short summary of European Commissions’ draft ‘Guidance note on fraud risk assessment and effective and proportionate anti-fraud measures’. In the document Commission presents roadmap with main steps on defining anti-fraud strategies for Managing Authority as well as several practical tools for the fraud risk assessment.
A well-targeted fraud risk assessment, combined with a clearly communicated commitment to combat fraud can send a clear message to potential fraudsters. Effectively implemented robust control systems can considerably reduce the fraud risk but cannot completely eliminate the risk of fraud occurring or remaining undetected.
The establishment and promotion of clear reporting mechanisms is a key element of prevention, as well as detection. Any such mechanisms should facilitate the reporting of both suspicions of fraud and also control weaknesses that may increase the MA’s susceptibility to fraud. MAs should have clear reporting mechanisms ensuring sufficient coordination on anti-fraud matters with the audit authority and competent investigative authorities in the Member State, including anti-corruption authorities.
Please find full European Commissions’ draft Guidance Note here – http://ec.europa.eu/regional_policy/what/future/pdf/preparation/guidance_fraud_risk_assessment.pdf
With kind regards,