Development Sector Organisations (DSOs) have been at the forefront in achieving the United Nation’s Sustainable Development Goals, while tackling diverse social and environmental issues globally. The size and scale of global DSO operations is at an all-time high and given the global focus on Environmental, Social and Governance (ESG) commitments, role of these organisations, including the private sector is expected to strengthen future commitments for sustainable development of the society at large.
However, with the increasing resource commitments, there is a corresponding heightened risk of fraud, corruption, and abuse. Our experience of working with the DSOs globally shows that as organisations prepare to meet the growing demand with the available resources and overwhelmed systems, fraud and corruption risks cripple the efforts of these organisations to achieve the developmental goals.
Recent changes in the regulatory landscape, globally and in India, demonstrates greater demand for transparency and accountability driven by donors and regulators in the nonprofit sector. Therefore, it is imperative for DSOs to improve governance, oversight and regulatory compliance of their operations.
Understanding the threats and vulnerabilities that create avenues for fraud, corruption and abuse that creep into the systems of the development sector are critical to achieve a free, peaceful, prosperous and sustainable world.
KPMG in India’s Forensic team has extensive credentials of working with DSOs and can help such organisations take care of integrity in their initiatives.
How can KPMG in India help?
- Proactive data analysis/Early warning systems for early detection of fraud and corruption risk
- Proactive integrity risk reviews and monitoring the end use of funds to identify controls gaps resulting in potential integrity risk and providing practical recommendation for mitigating the same
- Mitigating third party risk through integrity due diligence and background verification
- Root cause investigation into suspicion of wrongdoing or potential integrity violations
- Design and implementation of ethical compliance frameworks, in line with donor requirements
- Leveraging smart physical security technologies for identification of security related risks and gaps
- Digital Forensics and Incident Response (DFIR) services to prevent and thwart cyber-attacks
- Capacity building of the project team through training and awareness sessions to detect, deter and prevent fraud, corruption and abuse in development sector.
