BusinessCorporate FinanceBoardroom must lead fight against fraud

Boardroom must lead fight against fraud

The battle against fraud must start in the boardroom, an expert has claimed.

Link: Legal aid lawyer jailed for fraud

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.

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