BDO has published its: Charity Fraud Report 2023: Increasing pressure causing a rise in fraud. The 2023 Charity Fraud Report details the findings from BDO’s annual survey conducted alongside the Fraud Advisory Panel into the fraud landscape within the charity sector.
The Report provides a snapshot view of how some charities in the UK have been affected by fraud over the last year. As is demonstrated by this year’s results, the impact of fraud is not just financial – fraud impacts all parts of an organisation – from staff turnover to negative press and impact on reputation.
Key highlights from the report
- 50% of detected frauds were perpetrated by staff, members, volunteers, or trustees.
- 56% experienced non-financial issues as a result of fraud.
- 64% expected fraud risk to increase in the next 12 months.
- 92% of charities who suffered a fraud suffered financial loss.
Find out how charities view fraud risk, the losses that can be sustained, and most importantly, what measures charities can put in place to combat fraud risk during times of great pressure and uncertainty.
To download a copy of the full report, click on the link above.