A blog by Martin Williams, external affairs spokesman of Graydon UK, focusing on business risks - from fraud to late payment. Martin has has spent the last 35 years in the credit information industry, and has been with Graydon UK, one of the top five commercial credit agencies in the UK, for the last 20. Apart from his PR duties, he teaches credit analysis to risk professionals and helps educate SMEs on the importance of maintaining a good credit rating. Martin is a Fellow of the Institute of Credit Management and is a sitting member of the Institute's Think Tank. He was also honoured by Credit Today, after being included on their Credit 100 list of people who have had the greatest impact in the credit industry during 2008, 2009 and 2010.
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13 May 2009
Numerous accountancy firms have been warning organisations to be on the look out for a rise in internal fraud, excessive expense claims etc as the recession builds.
If there is a feeling within any organisation that existing controls relating to expenses are inadequate, there will be some who will take advantage of the situation.Watch out for unusual claims e.g. swimming pool maintenance, moat cleaning etc- these may point to a wider abuse of the system and the need for greater controls.
Thank you,
Human Resources Dept,
H.O.C.
Westminster, SW1
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