Using Internal Auditing to Detect Fraudulent Practices and Improve Financial Accountability
As manager of the Health and HIV Implementing Service Provider (HHISP), an AUD 295 million facility responsible for operationalising the Australia-Papua New Guinea Health and HIV Program, Abt provides an internal grants audit function.
Grants undergo robust reviews of acquittals expensed against the grants to ensure funds are being spent in compliance with Australian Commonwealth Government Guidelines and the requirements of the grant deed agreements, as well as an annual audit. The audits are an important component in identifying money recoverable to the Australian Government, as well as detecting fraudulent practices or weak governance systems. In addition to holding grant recipients accountable for money spent, audit services also identify where financial management and other practices can be strengthened to reduce opportunities for fraud in the future.