Description

As governments battle COVID-19 and spend at unprecedented levels to shore up the economy, they face the parallel challenge of mitigating risks of fraud, waste, abuse and error. To prevent and detect these risks, governments require the policies, capacity and tools to prioritise efforts and understand the magnitude of risks. The focus on risk-based approaches and assessments have been a critical, but are they enough? Over the last decade, many governments and institutions have made great strides to improve the measurement of fraud and loss towards more evidence-based policies and actions. During this session, panellists will share their knowledge about what has worked, opportunities and challenges, and cautionary advice when measuring fraud and loss.