Public interest disclosure
One of ECU’s values is Integrity, which includes the pursuit of ethical behaviour and of rigorous intellectual positions. Fraud, corruption and misconduct by our staff, students and stakeholders (and potentially engagement partners) threaten these values and have the potential to cause significant harm to the University. These threats are pervasive. Planning that caters for the latent risk of fraud, corruption and misconduct in our day-to-day work is part of good management and will reduce the risk of harm to ECU. The Fraud Vulnerability Index (FVI) is the fraud and misconduct risk assessment for the University.
The FVI is grouped into 7 Risk Categories:
- Academic
- Financial
- Procurement
- Payroll
- Physical Property
- Human Resources
- Information Technology
The FVI identifies the risks associated with each risk category as well as whether a faculty or centre is vulnerable to the identified risks. Risks within risk categories are sorted in order of those risks that ECU is most vulnerable to, to those that ECU is the least vulnerable to. In short, this is the Fraud and Misconduct risk assessment for the University.
It is expected that the vulnerabilities identified in the FVI would be used by faculties and centres to develop risk mitigation strategies. The contents of the FVI will also be used in integrity training programs and the content of the FVI will be used to inform the audit and legislative compliance programs.