At least one auditor a month is having their identity stolen, enabling
fraudsters to set up false details at Companies House, according to figures
provided to Accountancy Age.
Calculations by credit ratings agency Graydon revealed nine auditors have had
their details appropriated to legitimise a false set of accounts over the last
nine months. Another 100 sets of accounts have been set up using completely
fictitious auditor details over the same period.
South-east London was the most prevalent area for both types of fraud to be
The revelation is another sign of the problems that accounting professionals
face in dealing with information being stolen to set up false companies. Just
two weeks ago ICAEW head of business law Felicity Banks said that a Big Four
partner’s details had been illegitimately used to provide director’s details in
a set of false accounts.
Companies House said it could monitor online changes to company details, but
there were no plans to monitor audit firms’ information.
For more click here
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day