The long-awaited Fraud Advisory Panel, designed to provide business, organisations and government with information and advice on how to tackle fraud, was finally launched on Monday. But it is running on a shoestring budget, temporarily funded and housed by the English ICA.
George Staple, chairman of the panel and a former head of the Serious Fraud Office, admitted funding is a problem. ‘We would have liked to have greater support from commerce and industry, but that requires a track record,’ he said.
Until more cash can be raised there is an ‘understanding’ the English ICA will provide meeting rooms, admin-istrative support and funding for the panel’s first year.
The panel has set up three working parties, aimed at gathering facts on fraud, establishing methods of preventing fraud on a general basis and looking at the effectiveness of present fraud investigations to assess how they can be improved.
Coopers & Lybrand partner Tony Bingham, chairman of the intelligence gathering working party, said: ‘The purpose of the panel is to gather information and then use it to influence, advise, recommend or lobby the organisations who can make the changes.’
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast