Just 2% of the 400 firms surveyed performed more than basic checks before appointing new staff, according to CV verifying company Recruit with Confidence plc.
Recruit with Confidence CEO Steve Bailey said firms spent millions on physical and electronic security, ‘while neglecting to invest just a few hundred pounds in personnel risk management’
According to Bailey, one in four applications turn out to be falsified when checked.
He added: ‘The government has already made it mandatory for financial services firms to carry out proper checks before giving unknown new staff access to premises, confidential information, staff and customers. But it seems as if more legislation will be required before the majority of employers wake up to their responsibilities and to the appalling risks they are taking.’
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton