Firms fail to check up on new recruits
The vast majority of British accountancy firms fail to perform adequate background and qualifications checks on new employees, a new survey has found.
The vast majority of British accountancy firms fail to perform adequate background and qualifications checks on new employees, a new survey has found.
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.’
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article