Episode Details

This episode discusses a practice note from the UK Government Counter Fraud Profession, providing guidance on conducting Enterprise Fraud Risk Assessments (EFRAs). EFRAs are high-level assessments designed to inform senior management about an organisation's susceptibility to fraud. The guide details the process of building an EFRA, including defining risks, threats, and drivers; assessing impact and financial loss; and visual presentation methods. It emphasises a tailored approach, using evidence-based analysis rather than generic scoring matrices. The note also explains how EFRAs relate to other levels of fraud risk assessment within a broader organisational framework.