Search results for: Fraud Risk Assessment

June 25, 2021

USAID Government Accountability Initiative Supports State Audit Institution to Strengthen Prevention and Detection of the Risk of Fraud in Government Spending

An Association of Certified Fraud Examiners study in 2020 found that 50% of fraud committed in the workplace results from an override or lack of effective internal controls in institutions. Studies also indicate that once government funds are misspent or misappropriated, they become very difficult to recover. Preventing fraudulent use of funds by ensuring appropriate implementation of internal controls helps government avoid the “pay and chase” scenarios that are a pervasive result of corruption.

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November 23, 2020

USAID Government Accountability Initiative Supports State Audit Institution in Strengthening Auditors’ Fraud Risk Assessment capacities

In the course of the support to further develop capacities for Fraud Risk Assessment for auditing, USAID Government Accountability Initiative (GAI) delivered two trainings to Sate Audit Institution (SAI) leadership including the Auditor General, SAI Council and Sector Heads, performance audit teams, compliance and financial audit team leaders and Sector for Audit Methodology and Development. Mr. Stephen Lord, GAI subcontractor and former GAO senior executive, delivered trainings online, through Zoom platform, from November 10-13 and 17-19.

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