PracticeAccounting FirmsEx-Andersen staff launch fraud hotline

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.

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.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

4h Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin