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30 Jan 2007
Fraud cases involving sums of more than £100,000 rose to 277 in 2006, from 222 in the previous year, according to KPMG Forensics Fraud Barometer – an increase of almost 25%.
This is the highest number of cases brought to trial since KPMG started its Forensics Fraud Barometer twenty years ago.
The firm said new and more widely used technology was helping managers and teenage Internet wizards cheat the government and the companies they work for.
‘The figures produce a picture of a country where fraud is becoming worryingly deep-rooted,’ said Jeremy Outen, a partner at KPMG's forensics unit.
Further reading:
'Expert panel' fraud trials plan rejected
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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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