Fraud and Financial Integrity Policy
This policy outlines WEA Sydney's approach to preventing and managing fraud, corruption and financial misconduct. It supports good governance and risk management consistent with the ASQA Standards for Registered Training Organisations (2025).
Definition of Fraud
Fraud is any dishonest act intended to obtain financial or personal benefit. Examples include:
- theft of funds or property
- falsification of records
- misuse of organisational resources
- falsifying enrolment or attendance data
- falsifying assessment outcomes
- claiming payments for services not delivered
Prevention
WEA Sydney seeks to prevent fraud through:
- clear financial procedures
- internal oversight and reporting
- separation of financial responsibilities
- transparent record keeping
- staff awareness and training
Reporting Suspected Fraud
Any suspected fraud should be reported to:
- the Executive Director, or
- the President of WEA Sydney Board if senior staff are involved
Investigation
Where fraud is suspected, WEA Sydney may:
- conduct an internal investigation
- refer the matter to appropriate authorities
- take disciplinary or legal action if required