RIBA reported itself to regulator in August
RIBA has submitted a serious incident report to the Charity Commission related to allegations of potential fraud.
The details and timings of the allegation are currently unknown, although the report was handed to the commission in August this year.
The Charity Commission confirmed it has opened a case to assess the report and to determine whether the allegations are within its remit as a regulator.
A spokesperson for the Charity Commission said: ”We can confirm that RIBA submitted a serious incident report in relation to allegations of potential fraud in August of this year. We have opened a case to assess the report and determine what, if any, role there is for the Charity Commission as regulator.”
It added that no findings or conclusions have yet been made.
A spokesperson for RIBA said: “RIBA’s engagement with, including any report made to, the Charity Commission is confidential.
“The same applies to any live investigation. It is RIBA’s policy not to comment on speculation”.
As a registered charity, RIBA is subject to the regulatory oversight of the Charity Commission for England and Wales and is required to report alleged misconduct, including fraud.
The Charity Commission’s definition of a serious incident is an adverse event which results in or risks significant loss of the charity’s money or assets, damage to its property, harm to its reputation or harm to its beneficiaries, staff or volunteers.
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