FDs back call for Scottish fraud squad
Scottish finance directors believe police do not have the manpower to tackle the growing menace of fraud, which costs UK businesses £14bn a year.
Scottish finance directors believe police do not have the manpower to tackle the growing menace of fraud, which costs UK businesses £14bn a year.
Link: ‘More companies than ever affected by fraud’
Just one in ten FDs polled by CA magazine, said they believed police had enough resources to combat fraud, while 45% said current levels were insufficient.
The poll also revealed that two-thirds of FDs do not have an agreed fraud prevention policy in their company.
Tom McMorrow, director of legal services at ICAS said: ‘Financial crime draws oxygen from the economy and impairs its breathing. The longer we address it apathetically, the greater the impairment.’
News of this lack of confidence, comes as the Scottish accountants’ journal calls for the establishment of a national fraud squad for Scotland, to help out the Serious Fraud Office and attached police force, as well the implementation of fraud awareness training
The numbers you crunch tell a story. Your expertis...
21yEmbracing 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 articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article