Big Four firm KPMG says it is not surprised by the 24-year and five month
sentence handed down to former Enron CEO
for his part in the accounting scandal that resulted in the energy company
collapsing in 2001.
But it did not believe that lengthy sentences would eradicate the problem.
Adam Bates, global chairman of
KPMG Forensic, said:
‘Long sentences will never eradicate the problem, not least because many
corporate fraudsters seem to believe that they will never get caught.’
‘What is more important is to tackle the roots of fraud. Companies need to
ensure they have rigorous processes in place, at the highest level, so that
fraudsters cannot create micro-environments for themselves in which to operate,’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016