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14 Aug 2007
BDO Stoy Hayward's Fraudtrack report has found that fraud involving businesses hit £538m in the first half of 2007, up 42% from 2006.
The firm warned that business fraud was becoming more attractive because of growing rewards and falling chances of prosecution.
The firm noted that VAT fraud was so lucrative that criminals only needed to hide away a few percent when they got caught.
'Many fraudsters are laughing all the way to their offshore tax haven,' said BDO's Simon Bevan.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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