Fraud Policy

1. Policy Statement

Personal Audit Systems Ltd is committed to maintaining the highest standards of honesty, integrity, and ethical behaviour. The organisation adopts a zero-tolerance approach to fraud, bribery, corruption, theft, dishonesty, and any form of financial misconduct.

2. Scope

This policy applies to employees, directors, contractors, agency workers, consultants, temporary staff, and third parties acting on behalf of the company.

3. Definition of Fraud

Fraud is any deliberate act intended to secure an unfair or unlawful gain or cause loss to another party.

4. Responsibilities

All employees, managers, and directors are responsible for preventing, detecting, and reporting suspected fraud.

5. Fraud Prevention Controls

The company maintains appropriate financial, procurement, payroll, information security and management controls to reduce fraud risk.

5A. Cyber Fraud and Business Email Compromise (BEC)

Personal Audit Systems Ltd recognises that cyber fraud presents a significant risk to its finances, systems, information assets, customers, suppliers and reputation.

• Phishing emails and spear-phishing attacks
• Business Email Compromise (BEC) scams
• Supplier payment diversion fraud
• CEO/director impersonation fraud
• Ransomware and malware attacks
• Unauthorised access and credential theft

Reporting Fraud