Risk management

Risk and audit at a glance

During 2024-25, the OECD focused on strengthening controls related to:

• Financial management
• Procurement
• Strategic level reform risk mitigation

Fraud detected in the agency

NB: Fraud reported includes actual and reasonably suspected incidents of fraud.

Strategies implemented to control and prevent fraud

Under a Service Level Agreement with DfE, the OECD is included in DfE’s Financial Management Compliance Program (FMCP). A number of monitoring activities exist to ensure that internal control weaknesses are identified, reported, and addressed in a timely manner. As well as the internal audit program, the FMCP is conducted to ensure that risks of non-compliance with policy and legislative requirements from a financial management perspective are being reviewed and evaluated on an annual basis.

Under the administrative arrangements between the Department and OECD, OECD in participates in the Department’s FMCP. This helps meet OECD’s financial management obligations in line with the Public Finance and Audit Act 1987 and Treasurer's Instructions and supports production of the financial statements.

Public interest disclosure

Number of occasions on which public interest information has been disclosed to a responsible officer of the agency under the Public Interest Disclosure Act 2018:

• Nil.

Data for previous years is available on our Annual Report page.

Note: Disclosure of public interest information was previously reported under the Whistleblowers Protection Act 1993 and repealed by the Public Interest Disclosure Act 2018 on 1/7/2019.