The social housing sector continues to operate under increasing scrutiny, with heightened expectations around governance, transparency, and the effective use of public funds. Alongside evolving regulatory pressures, there is a growing focus on how organisations identify, prevent and respond to fraud risk.
In this latest edition of our Social Housing Know-How series, we explore fraud prevention and governance in practice, highlighting where risks typically arise and how organisations can strengthen their control environment.
Drawing on real-world insights, we examine how fraud rarely begins as a single significant event, but instead develops over time through small control gaps, limited oversight or pressure-driven decision making.
Key areas of focus
In Social Housing Know-How – Podcast Series 2, we take a Brighter Thinking approach to exploring what the draft SORP could mean in practice for reporting and year-end planning. Topics include:
- Leases under FRS 102 and areas of judgement.
- Capitalisation and regeneration schemes, including retrofit and improvement works.
- The impact of for-profit registered providers on reporting.
- Other proposed SORP and FRS 102 changes, including grants, asset definitions, and disclosures.
Strengthening prevention in practice
We also explore practical, proportionate steps organisations can take to strengthen resilience and reduce exposure to fraud risk, including:
- Conducting robust fraud risk assessments
- Refreshing prevention and control frameworks
- Delivering targeted training across the organisation
- Embedding ongoing monitoring through data and analytics
A key theme throughout is that effective fraud prevention goes beyond controls alone. Organisations that manage risk successfully are those that foster a strong culture, one that promotes transparency, encourages challenge and ensures visible leadership from the top.
Preparing for what comes next
As expectations continue to evolve, boards and executive teams should consider whether their current frameworks go far enough, not just in design, but in how they are embedded, monitored and evidenced in practice.
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