Nuristani work for @Ghani and @Karzai! Fraud and corruption - definitions and impact What is fraud? Fraud is dishonest activity causing actual or potential financial loss to any person or entity including theft of moneys or other property by employees or persons external to the University and where deception is used at the time, immediately before or immediately following the activity. This also includes the deliberate falsification, concealment, destruction or use of falsified documentation used or intended for use for a normal business purpose or the improper use of information or position for personal financial benefit. The concept of fraud involves fraudulent or corrupt conduct by internal parties or external entities targeting the University, or fraudulent or corrupt conduct by the University itself targeting external entities. What is corruption? Corruption is dishonest activity in which a person acts contrary to the interests of the University and abuses his/her position of trust in order to achieve some personal gain or advantage for themselves, or provide an advantage/disadvantage for another person or entity. It also involves corrupt conduct by the University, or a person purporting to act on behalf of and in the interests of the University, in order to secure some form of improper advantage for the University either directly or indirectly. Corrupt conduct can take many forms including: conflicts of interest taking or offering bribes dishonestly using influence blackmail fraud theft embezzlement tax evasion forgery nepotism and favouritism NOTE: Corruption does not include mistakes or unintentional acts. What is the impact of fraud and corruption? Fraud and corruption hurts everyone and can ruin lives! Obviously, frauds committed by or against the University and acts of corruption may result in criminal charges for perpetrators. For example, did you know that under the WA Criminal Code, it is illegal for a public officer (i.e. you as a University staff member) to: disclose official secrets; seek or receive a bribe; act corruptly to gain a benefit; falsify a record; or impersonate a public officer. Fraud in particular is a common risk that must not be ignored. From an organisational perspective, failure to do so may eventually result in: financial loss; damage to employee morale; an adverse effect on the University’s reputation; the raising of doubts in relation to the University’s capability to properly manage the funds provided to it by donors, government agencies, grant providers, students and parents; and unwanted attention and intervention from regulators and oversight agencies such as the Corruption and Crime Commission. External stakeholders rightly expect that the University, as a Western Australian public authority, and its employees acknowledge and fulfil their responsibilities as stewards of public funds and make every effort to protect public money and property. In addition, there is increasing global attention being given to fraud and corruption through tougher overseas anti-fraud and anti-corruption legislation and regulations that have extra-territorial impact. This in turn is driving external entities, as a condition of engaging with the University as a partner, client or supplier, to insist through their due diligence processes that the University sufficiently demonstrate its commitment to effective fraud and corruption control. Amrullah Saleh @Dr Abdullah Abdullah
Posted on: Wed, 02 Jul 2014 23:32:23 +0000
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