Ex-Andersen staff launch fraud hotline
The Enron scandal has inspired two former employees of the now defunct firm Andersen to launch a whistleblowing service.
The Enron scandal has inspired two former employees of the now defunct firm Andersen to launch a whistleblowing service.
Link: Calls for anti-fraud regulation
Adam Griggs and Owen Lightowlers were working at Andersen when it collapsed in the wake of widespread fraud and deception at Enron, which the firm audited.
Griggs, a former police officer and chartered accountant, said: ‘We want to be proactive in encouraging all businesses to bring their internal procedures up to scratch so that they adequately protect themselves and investors against corporate fraud and malpractice. We read about a new fraud almost every day, but many senior managers still believe that it could never happen to them. This myth must be dispelled before real progress can be made.’
The new service, called TheHotline, has also published a ‘whistleblowing policy review checklist’ to help organisations ensure they are correctly following revised practices on money laundering and fraud prevention.
The numbers you crunch tell a story. Your expertis...
20yEmbracing 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View articleStatic budgets outdated.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