SMEs can be hit by proportionately higher losses from fraud, which can be
hard to cope with in the current climate, the institute warned.
In the survey of 200 of
finance director members in the UK, 55% felt their organisation was at risk of
Helenne Doody, innovation and development specialist at CIMA, said: ‘Despite
the serious risk that fraud presents to business many organisations still do not
have formal systems and procedures in place to prevent, detect and respond to
CIMA has published a guide to help management accountants detect fraud in
small businesses. The guide covers IT systems, assessing fraud risks,
‘whistleblower’ procedures and the auditor’s responsibility to spot fraud.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
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