Strengthening Fraud and Corruption Resilience
InConsult helped a NSW Government agency strengthen fraud and corruption awareness, assess key risks, and improve internal controls across all directorates.
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Fraud, corruption and financial crime are not problems that announce themselves. They develop quietly — through gaps in controls, weaknesses in culture, trusted relationships that are never questioned, and third parties that are never adequately scrutinised. By the time most organisations discover a problem, it has been running for months. The ACFE estimates organisations lose 5% of annual revenue to fraud, with schemes continuing for an average of 12 months before detection. The cost is not only financial. The reputational damage, regulatory scrutiny and erosion of stakeholder trust that follow a fraud event can far exceed the direct loss.
The threat is also growing more complex. Artificial intelligence is enabling more sophisticated scams and social engineering attacks at unprecedented scale. Australia’s AML/CTF reforms are expanding regulatory obligations to 80,000 newly regulated businesses. The National Anti-Corruption Commission is sharpening accountability expectations across the public sector. And internal threats — insider fraud, conflicts of interest, procurement manipulation — remain as consequential as they have always been.
For 25 years, InConsult has helped Australian organisations understand their fraud and corruption exposure, strengthen their controls, and build the culture and systems needed to detect and respond when prevention is not enough.
Despite significant investments in governance, risk, audit and compliance, boards and CEOs regularly find themselves blindsided by fraud and corruption events that went undetected for years.
The breakdowns rarely stem from a lack of intent, but rather from systemic friction between high-level oversight and daily operational realities.
Establishing a code of conduct or anti-corruption policy on paper does not guarantee ethical decision-making across day-to-day operations.
Fraud thrives in operational blind spots where controls are outdated, poorly designed and subtle anomalies are filtered out before reaching executive reporting or board.
Rigid controls can slow down business velocity, leading staff and managers to bypass procedures just to get work done.
Start with a focused review or build a broader program. We help turn findings into action.
FraudWise is InConsult’s structured program for building or substantially strengthening an organisation’s fraud and corruption control framework. It is designed for organisations that recognise their current framework is inadequate, outdated or not embedded in practice — and want a systematic, standards-based approach to rebuilding it properly.
The outcome is a fraud and corruption control framework that is not only documented but understood, owned and operational.
An independent assessment of the organisation’s existing fraud and corruption management framework against Australian Standard AS 8001-2021 and relevant sector guidelines.
The Health Check provides an objective, evidence-based view of where the framework is strong, where gaps exist, and what actions would most meaningfully reduce fraud and corruption exposure.
A structured assessment of how fraud, bribery, and corruption risks could exploit vulnerabilities across your organisation’s operations, business units, third-party relationships, procurement streams, and geographic locations.
The risk assessment serves as the foundational requirement under AS 8001 and supports the design, implementation, or updating of an effective Fraud and Corruption Control System (FCCS).
An independent review of the organisation’s Anti-Money Laundering and Counter-Terrorism Financing program against the reformed AML/CTF Act and AUSTRAC’s new rules. Particularly relevant for currently regulated Tranche 1 entities updating their programs to meet the 31 March 2026 requirements, and for newly regulated Tranche 2 entities building their compliance programs for the first time.
When a complaint, allegation or incident arises, the quality of the investigation is critical. InConsult conducts independent, procedurally sound investigations that analyse the available evidence, develop factual findings, and provide clear recommendations — delivered with the rigour and independence needed to withstand scrutiny.
When financial fraud, misconduct or disputes require detailed financial analysis, InConsult’s forensic accounting capability combines accounting, auditing and investigative skills to examine, reconstruct and present complex financial transactions and business arrangements.
Where are you exposed?
Assess risks and control gaps.
What needs to change?
Build and implement practical controls.
What happened, and why?
Establish facts and address weaknesses.
Fraud and corruption prevention work is grounded in the standards, legislation and guidelines that govern the obligations of Australian organisations across the different sectors
Government agencies face the highest public scrutiny of fraud and corruption controls. InConsult has worked with government organisations to meet Audit Office, ICAC/IBAC guidelines, embed fraud awareness across directorates, and build frameworks that demonstrate genuine integrity rather than documented compliance.
Procurement fraud, executive misconduct, third-party conflicts of interest and AI-enabled financial crime represent growing threats for listed organisations. InConsult’s work with corporate clients covers fraud risk assessment, anti-bribery compliance under ISO 37001, and conduct investigations.
Banks, insurers and financial services organisations face fraud threats from both external actors and trusted insiders, alongside increasingly demanding AML/CTF obligations. InConsult brings direct experience in fraud framework review , design and forensic investigation for APRA-regulated entities.
Grant misappropriation, procurement fraud and inadequate oversight of financial controls are among the most common fraud risks in the NFP sector. InConsult helps not-for-profits build proportionate, practical fraud and corruption frameworks that meet ACNC governance expectations and donor accountability requirements.
Clarity on scope, deliverables and the right starting point.
We agree the scope with you and review your fraud and corruption control arrangements against AS 8001:2021. This can include governance, risk assessment, prevention, detection, response and monitoring. Any testing of operating controls is separately defined in the scope.
Yes. We can help update policies and control plans, clarify responsibilities, facilitate workshops and deliver training. The implementation support is tailored to your priorities, resources and agreed engagement scope.
Timing depends on the number of business areas, document availability, stakeholder interviews and any control testing. An initial discussion helps us propose an appropriate scope, timetable and fee.
Contact us by phone for an initial confidential discussion. We can clarify the issue and discuss an appropriate investigation approach. Please avoid including detailed allegations or sensitive evidence in a general website enquiry.
Experience that translates into action.
InConsult helped a NSW Government agency strengthen fraud and corruption awareness, assess key risks, and improve internal controls across all directorates.
InConsult’s Fraud & corruption health check and training raises fraud awareness for Council
Tony is InConsult's founding Director, bringing over 30 years of expertise in financial management, turnarounds, strategy executions, change management, and internal control design.
Cameron is a highly capable risk professional with over 20 years of experience working with international organisations delivering risk, resilience and regulatory compliance services.
Dane is an Internal Audit Manager with 10 years’ experience in completing and managing internal audits, organisational risk management, internal control design and evaluation.
Fraud, whether perpetrated internally or externally, can inflict severe financial losses, tarnish reputations, and undermine
The third edition of the Australian Standard AS 8001:2021 – Fraud & Corruption Control was released
In recent years, there have been a number of instances of fraud and corruption in