The National Fraud Authority (NFA) was created to focus and improve the co-ordination of the counter-fraud community's efforts to make our country’s businesses, public sector, charities and citizens more resilient and better protected from fraud.
The Chief Executive is supported and guided by the NFA management board.
The members of the NFA management board are:
- the Chief Executive who will normally chair the management board
- a representative of the Home Office sponsor
- the non-executive directors of the NFA
- the dDirectors of the NFA
- the senior finance professional, where this function is not fulfilled by an NFA director
Together the Chief Executive and the management board will:
- ensure that risks to the NFA’s objectives are actively identified and addressed
- agree an appropriate performance monitoring framework for the NFA
- develop an annual business plan
- agree NFA corporate policies (eg employment policies)
The management board will:
- receive and review reports of the effectiveness of internal and budgetary controls
- identify, track and communicate the delivery of the NFA’s objectives within the framework defined by ministers
- diagnose, track and manage the strategic gaps, risks and dependencies
The Chief Executive in his role as Accounting Officer and the NFA’s management board is supported by an independent audit committee, established as a committee of the management board, in accordance with government accounting and the Cabinet Office and Treasury guidance. The audit committee is chaired by one of the NFA’s non-executive directors. Its membership and functions are in accordance with the Cabinet Office guidance on codes of practice for board members of public bodies and the Treasury’s audit committee handbook.