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Fraud and Corruption Control Framework

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The Fraud and Corruption Control Framework enables the BidCarbon Foundation to effectively manage the risks of fraud and corruption.

The framework consists of 3 parts:

● Fraud and Corruption Specifications

● Fraud and Corruption Policy

● Fraud and Corruption Guidance (Preventing, detecting and dealing with fraud and corruption).

Fraud and Corruption Specifications

It sets out the minimum standards of internal organisation of the foundation, as well as the risk and incidents of fraud and corruption relating to their entity. The Rule requires accountable authorities to take all reasonable measures to prevent, detect and respond to fraud and corruption relating to the entity.

Fraud and Corruption Policy

This policy applies to the BidCarbon Foundation and suppliers. We encourage you to adopt the Fraud and Corruption Policy as best practice. The Fraud and Corruption Policy sets out the procedural requirements that the Foundation must implement to establish and maintain an appropriate system of fraud and corruption control for the BidCarbon Foundation.

Fraud and Corruption Guidance

This provides further guidance on fraud and corruption control arrangements for the BidCarbon Foundation.

4. Governance and Oversight

1. Fraud and Corruption Risk Assessments

5. Prevention

6. Detection

2. Fraud and Corruption Control Plans

7. Investigation and Other Responses

3. Effectiveness of Controls

8. Recording and Peporting

The framework’s key elements

The diagram below illustrates the eight Policy Elements that work together to create a unified system of accountability for fraud and corruption prevention across the BidCarbon Foundation.

Reasonable Measures

Appropriate Mechanisms

Additional resources

● Learn about the Fraud and Corruption Control Framework

● Element 1: Fraud and corruption risk assessments

● Element 2 – Fraud and corruption control plans

● Element 3 – Reviewing control effectiveness

● Element 4 – Governance and oversight

● Element 5 – Preventing fraud and corruption

● Element 6 – Detecting fraud and corruption

● Element 7 – Investigation and other responses

Our policies

Learn more about our policies, procedures, and plans.

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Compliance policy for monitoring, guiding and lawsuits activities

We take a risk-based approach to compliance.

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Our reports and accountability

As administrators, we ensure that our actions are transparent and accountable.

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Learn more