Recent estimates suggest that fraud against the public sector costs public services around £21bn in the UK. In looking to deliver better services at a reduced cost, the Government has highlighted fraud as a key area in which major savings can be found and, as reform is implemented across the public sector, ensuring that measures are in place to tackle fraud and error will be crucial.
Following the recent Government report “Tackling Fraud and Error in Government” (see below), fraud detection and prevention is receiving a level of focus which is unprecedented. There is an opportunity to reduce losses by implementing anti-fraud strategies, policies, and controls; if done correctly then the result would be a reduction in the current deficit in Government finances. The Government’s priorities are in Collaboration, Assessment of Risk and Measurement of Losses, A Focus on Prevention and taking A Zero Tolerance Approach.
On 24th May GovNet will be hosting the inaugural Fraud and Error conference, which will bring together over 350 delegates, 20 high level speakers and 20 service providers to discuss and understand the key challenges facing the public sector. Fraud Consulting will be participating at this event so why not come and meet us? With our extensive background in tackling fraud within the private sector (such as financial services), we will share our experiences and explore how the approaches taken in the private sector could be applied to the public sector.
For further details of this event, please visit the event website.
HM Government report: Tackling Fraud and Error in Government