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Fraud Prevention Framework

GoodCorporation offers two comprehensive frameworks to help businesses prevent fraud: the Framework on Preventing Fraud and the Framework on Preventing Outward Fraud. These can both be used as tools to improve the management practices needed to prevent fraud and fraudulent behaviour.

The GoodCorporation Framework on Preventing Outward Fraud is a set of responsible business principles focusing on outbound fraud, which refers to fraudulent practices an organisation or associated person may commit to the benefit of the organisation. This framework has been designed to help organisations meet the requirements of the U.K’s Economic Crime and Corporate Transparency Act (ECCTA). It provides a structured approach to improving controls and behaviours that reduce the risk of outward-facing fraud, such as mis-selling, misrepresentation, false claims, overcharging and dishonest sales practices.

Download Framework on Preventing outward fraud

The GoodCorporation Framework on Preventing Fraud It is a set of responsible business principles designed to strengthen the management practices needed to prevent fraudulent behaviour. It expands on the Outward Fraud framework to include inward fraud, which is the more traditionally understood concept of fraud committed to the detriment of the company. This framework offers organisations the opportunity to respond to ECCTA while also assessing their fraud risks more holistically. Given the significant overlap in controls used to mitigate both types of fraud, assessing inward and fraud risks simultaneously may help organisations save costs and avoid duplication of efforts.

Download Framework on Preventing Fraud

Areas covered by the frameworks

Top-level commitment: senior management is actively committed to preventing fraudulent behaviour and promoting the organsation’s zero-tolerance of fraudulent practices

Communication and training: the organisation can demonstrate the steps it has taken to ensure that it’s anti-fraud policies are properly embedded and understood by all relevant stakeholders.

Risk assessment: the organisation can show that it understands where it might be at risk from committing fraud and that these risks are regularly assessed and reviewed.

Due diligence: a proportionate and risk-based approach to due diligence is consistently applied to identify and mitigate any risks of fraudulent practice.

Compliance and monitoring: an effective compliance and monitoring system is in place, with a strong speak-up system, to oversee the implementation of the fraud prevention policies

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Download our Framework on Preventing Outward Fraud

Download Framework

Download our Framework on Preventing Fraud

Download Framework

Explore our frameworks

GoodCorporation's portfolio of proprietary frameworks act as practical guides for organisations looking to implement best practice and manage the wide range of ethics, compliance and sustainability challenges they face.

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Artificial Intelligence Governance framework Business Ethics Standard Bribery and Corruption Framework Child Protection and Safeguarding Framework Competition and Antitrust Framework Data Protection Framework Diversity, Equity and Inclusion Framework Environment Framework Fraud Prevention Framework Harassment and Bullying Framework Human Rights and Environmental Due Diligence Framework Human Rights and Modern Slavery Framework Integrity Compliance Framework Sports Governance Framework Tax Evasion Framework Whistleblowing Framework