Charities often set up fraud controls on paper, but even with the best intentions, fraud can still slip through. As an undergraduate researcher from Royal Holloway, University of London, I interviewed experienced charity auditors and senior charity finance leaders for my dissertation. A recurring theme across these interviews was that gaps tend to appear not where controls are missing, but where they meet.

https://www.icaew.com/technical/charity-community/articles/strong-controls-weak-links-where-charity-fraud-risk-can-emerge