Federal agencies could reduce the risk of fraud through new detection processes laid out by the Government Accountability Office in a July 28, 2015 report.
“Effective fraud risk management helps to ensure that federal programs’ services fulfill their intended purpose, funds are spent effectively, and assets are safeguarded,” GAO says in the report.
The GAO outlined steps for federal managers to ensure a reduction in fraud among agency programs.
Agencies must first take preventative measures by creating an organizational culture and structure which is conducive to fraud risk management, the report says. Demonstrating a senior-level commitment to integrity and combating fraud will help that kind of thinking permeate an agency and get other to commit as well, GAO says.
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