Fraud Risk and Financial Statements: B.C. Public Sector, Part 2

Date: May 2, 2023

Public sector organizations need a strong fraud risk management framework to safeguard public dollars against potential losses due to fraud. In B.C., government ministries are expected to follow a common approach to fraud detection, prevention, and response, with oversight by the Office of the Comptroller General. We sent a questionnaire to 22 ministries to understand how they perceive and manage the risk of fraud.

Discussed at PAC:
This report was discussed by the Legislative Assembly’s Select Standing Committee on Public Accounts on October 16, 2023.