Forensic experts called on in downturn
Signs of fraud emerge in corporate restructures
Signs of fraud emerge in corporate restructures
KPMG says rising evidence of fraudulent behaviour has forced it to bring
specialist forensic investigators to most of its restructuring jobs.
Philip Davidson, European head of restructuring at KPMG told The
Independent that signs of fraud in troubled companies have been on the rise
since the economic downturn.
‘One of the features of the past few years has been corporate heads issuing
very exuberant earnings promises and company valuations. What they are realising
now is that the promises don’t match the reality,’ he said.
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing 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 retailer’s recent announcement that they are looking into closing up to 50 of their stores has sparked fresh discussion about the future of bricks...
View articleMP Frank Field criticised the board for scrapping an independent review in favour of having KPMG "mark their own homework” Read More...
View articleThis strategic review comes a week after the troubled construction group revealed it was battling with rising debt, deteriorating cash flows and write...
View articleUK private investor Endless LLP acquires the high street retailer, saving 840 jobs Read More...
View articleSteve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies Read Mo...
View articleAnthony Collier joins FRP Advisory from KPMG as a partner in its Manchester officer Read More...
View articleFormer chief executive of failed software company Torex Retal is suing RBS, KPMG and Cerberus Capital accusing the firms of fraud Read More...
View articleThe long-standing retail firm is to cease trading in the coming weeks after administrators failed to find a buyer Read More...
View article