Anti-Fraud, Corruption and Bribery Policy.DOC

Southmoor Academy Trust Mathematics and Computing College ANTI-FRAUD, CORRUPTION AND BRIBERY POLICY Purpose The purpose of this policy is to confirm Southmoor Academy Trust’s (the Trust) commitment against fraud. The fulfillment of this Anti-fraud, Corruption and Bribery Policy will assist in the delivery of more effective risk management, on which the Trust has produced its own separate policy. Introduction The Trust is determined to demonstrate that it will not tolerate fraud, corruption or abuse of position for personal gain, wherever it may be found, in any area of Trust activity. The Trust considers that all instances of fraud, corruption and other dishonesty endanger the achievement of the Trust’s policies and objectives as they divert its limited resources from the provision of education. There is a clear recognition that the abuse of the Trust’s resources, assets and services undermines the Trust’s reputation and also threatens its sound financial standing. The purpose of this Policy Statement is to set out for governors and employees, the Trusts main objectives for countering fraud and corruption. This policy statement - Defines fraud, corruption and bribery. Identifies the scope of the applicability of the policy. Sets out the Trust’s intended culture stance against fraud, corruption and bribery. Identifies how to raise concerns and to report malpractice. Sets out responsibilities for countering fraud Definitions Fraud Fraud is a range of abuse and malpractice that is covered by the Fraud Act 2006. Fraud can be defined as an abuse of knowledge or financial position that is done deliberately to create a financial gain for the perpetrator or for a related person or entity and / or cause a loss to another.?It can take place in many ways; withholding information, deliberately misleading, misrepresenting a situation to others or by abuse of position. Irrespective of the definition applied, fraud is always deceitful, immoral,