6.1 - Whilst it is accepted that no systems of preventative measures can guarantee that frauds will not occur the University has in place detection measures to highlight irregular transactions.
6.2 - All internal management systems are designed with detective checks and balances in mind and this approach is applied consistently utilising wherever possible the expertise and advice of the University's Auditors. The approach includes the need for segregation of duties, reconciliation procedures, the random checking of transactions and the review of management accounting information including exception reports.
6.3 - Concerns expressed by staff, students etc. which are expressed in good faith will, as a matter of course, be looked into by the University without adverse consequences for the complainant in line with the guidance in the Committee of University Chairmen's "Guide for Members of Governing Bodies of Universities and Colleges in England and Wales and Northern Ireland" and the Public Interest Disclosure Act 1998.
6.4 - The University views its preventative measures by management, coupled with sound detective checks and balances (as set out in section 3), as its first line of defence against fraud. Audit activity is however an important defence mechanism also and Auditors may be required to use special techniques on occasions to identify fraudulent transactions.
