PracticeAuditCollaboration needed to fight aid fraud

Collaboration needed to fight aid fraud

Auditors and investigators must work together to fight aid programme fraud, says EU commissioner

Close collaboration between auditors and investigators is vital in fighting
fraud in development aid programmes, the European Union’s (EU) commissioner for
audit and anti-fraud Siim Kallas has said.

Speaking to a conference in Brussels, he said investigators probing frauds in
often chaotic and poorly-policed developing countries would find the ‘support of
the auditors often indispensable’, providing ‘a solid backing to investigators’.

Kallas also stressed that auditors and the EU anti-fraud unit OLAF needed to
work more closely with other international anti-crime agencies, national member
state investigators and those of aid-receiving countries.

‘Networking between prosecutors, police officers, investigators and other
anti-fraud services is not only beneficial but a necessary condition that
determines the final outcome of all investigations,’ he said.

OLAF, he said, had noted aid fraudsters were becoming increasingly
imaginative, notably targeting non-governmental organisations (NGOs), which
increasingly receive EU aid and often need to improve accounting controls, he
said.

Related Articles

Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

5d Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

1w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

1m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter
Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

Audit Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

3m Alia Shoaib, Reporter