The chartered accountants estimated that UK fraud losses add up to £32bn over the year, with another £8bn a year spent on prevention measures.
The survey of 24 FTSE 100 companies and seven of the largest private companies found that 59% of respondents expected economic crime to increase during the next three years.
Larger companies face the biggest risk of fraud, with some reporting losses equal to 5% of turnover, The Times reported.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...