TY - JOUR
T1 - Mandating the measurement of public sector fraud
AU - Tunley, Martin James
N1 - 'Authors may distribute the article at their discretion, in its unaltered state, with reference to PSD, 30 days after the publishing date. PSD holds all copyrights on the finished product, but not your ideas.'
PY - 2015/4
Y1 - 2015/4
N2 - The financial burden on the taxpayer through public sector fraud is a significant historical problem. The final Annual Fraud Indicator produced in 2013 by the now disbanded National Fraud Authority (NFA) suggests that hidden fraud losses experienced by the UK's public sector could amount to £19.9 billion. Whilst this is a commendable estimate, it is only the tip of the iceberg because some of the component data are afforded confidence levels that suggest there is still room for improvement. For example, grant fraud data are assessed as poor, and the estimated losses to procurement fraud are only allocated an average level of confidence. When the aforementioned estimate is combined with detected fraud losses of £702 million this reveals that potentially, the public sector is a victim of fraud to the tune of a minimum of £20.6 billion per annum.
AB - The financial burden on the taxpayer through public sector fraud is a significant historical problem. The final Annual Fraud Indicator produced in 2013 by the now disbanded National Fraud Authority (NFA) suggests that hidden fraud losses experienced by the UK's public sector could amount to £19.9 billion. Whilst this is a commendable estimate, it is only the tip of the iceberg because some of the component data are afforded confidence levels that suggest there is still room for improvement. For example, grant fraud data are assessed as poor, and the estimated losses to procurement fraud are only allocated an average level of confidence. When the aforementioned estimate is combined with detected fraud losses of £702 million this reveals that potentially, the public sector is a victim of fraud to the tune of a minimum of £20.6 billion per annum.
KW - WNU
M3 - Article
SP - 26
EP - 33
JO - Public Sector Digest
JF - Public Sector Digest
ER -