Bosses must ‘stand up and be counted’ and ensure they have an effective system in place to encourage and, importantly, protect whistleblowers, says an expert at accontancy firm PKF.
‘There is very little chance of encouraging employees to act as whistleblowers if the outcome for their job and career is anything other than totally positive,’ said Merryck Lowe, a forensic accountant and director at PKF.
His comments come in the wake of solicitor Tim Robinson being jailed for seven years, and ordered to pay more than £1m in compensation and costs, after being convicted of conspiring to defraud the legal aid system of huge sums of money over a period of almost six years.
Lowe said companies must tighten up their corporate governance from the top down, and called for a policy of ‘zero tolerance’ towards fraud.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.