Fraud risk management
A guide to good practice
1
This guide is based on the fi rst edition of Fraud Risk Management: A Guide to Good Practice. The fi rst edition was
prepared by a Fraud and Risk Management Working Group, which was established to look at ways of helping
management accountants to be more effective in countering fraud and managing risk in their organisations.
This second edition of Fraud Risk Management: A Guide to Good Practice has been updated by Helenne Doody, a
specialist within CIMA Innovation and Development. Helenne specialises in Fraud Risk Management, having worked
in related fi elds for the past nine years, both in the UK and other countries. Helenne also has a graduate certifi cate
in Fraud Investigation through La Trobe University in Australia and a graduate certifi cate in Fraud Management
through the University of Teeside in the UK.
For their contributions in updating the guide to produce this second edition, CIMA would like to thank:
Martin Birch FCMA, MBA
Director – Finance and Information Management, Christian Aid.
Roy Katzenberg
Chief Financial Offi cer, RITC Syndicate Management Limited.
Judy Finn
Senior Lecturer, Southampton Solent University.
Dr Stephen Hill
E-crime and Fraud Manager, Chantrey Vellacott DFK.
Richard Sharp BSc, FCMA, MBA Assistant Finance Director (Governance), Kingston Hospital NHS Trust.
Allan McDonagh
Managing Director, Hibis Europe Ltd.
Martin Robinson and
Mia Campbell
on behalf of the Fraud Advisory Panel.
CIMA would like also to thank those who contributed to the fi rst edition of the guide.
About CIMA
CIMA, the Chartered Institute of Management Accountants, is the only international accountancy body with a key
focus on business. It is a world leading professional institute that offers an internationally recognised qualifi cation
in management accounting, with a full focus on business, in both the private and public sectors. With 164,000
members and students in 161 countries, CIMA is committed to upholding the highest ethical and professio