Fraud Risk and Financial Statements: B.C. Public Sector, Part 2

Public sector organizations need a strong fraud risk management framework to safeguard public dollars against potential losses due to fraud. In B.C., government ministries are expected to follow a common approach to fraud detection, prevention and response, with oversight by the Office of the Comptroller General.

We sent a questionnaire to 22 ministries to understand how they perceive and manage the risk of fraud.