Fraud Enquiry TCWG
Client Substantiation File.
To complete the questions below download the Word document and return to your appointed auditor.
Below are the responses from [insert name of governors] on your questions on our role in relation to fraud that may have taken place and any suspected or alleged fraud relating to [name of entity] for the year ending [insert date]:
| Suggested questions | Response |
|---|---|
| Role in relation to fraud | |
| What role do you have in monitoring management’s exercise of its fraud prevention responsibilities? |
|
| How does management communicate identified fraud risks? | |
| How do management provide assurance that anti-fraud controls are in place and operating? |
|
| If a fraud risk assessment has been completed, what input did those charged with governance have? |
|
| Do you consider that the fraud risk assessment was a robust process? |
|
| How are those charged with governance informed of actual, suspected or alleged frauds? |
|
| Actual, suspected, or alleged frauds | |
| Have any frauds been identified or are there any suspected or alleged frauds? |
|
| For any identified frauds, were these investigated by management and have the results of the investigation been reported to those charged with governance? |
|
| How did the fraud occur? How was it identified? | |
| What happened to fraudster, how much was involved and were any monies or assets recovered? |
________________
[Name and position of signatory]