The Financial Times reports that is alleged the multi-million pound fraud in Versailles was meticulously planned using a combination of wholly inappropriate accountancy practices and multiple offshore company and fund identities.
It said a highly-placed accountant close to the issues said yesterday that a wider investigation prompted in early December by the Stock Exchange had taken off recently.
The accountant, the paper reports, said money laundering was a possibility. He is also quoted as saying: ‘Money was going out of these accounts via one of the client accounts. It was repeatedly going into bank accounts under the control of or related to the finance director Fred Clough.’
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
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.