285 cases of publicly reported fraud cost UK companies £1.19bn last year, an
increase of 14 per cent year on year, according to BDO Stoy Hayward’s annual
Nearly two-thirds of affected companies were in the banking and insurance
sectors, the Financial Times reported. Experts worry that more
companies will be defrauded in coming months as the economy continues to
Previous downturns have coincided with an increase in reported cases of
fraud. The number of reported cases is only the tip of the iceberg. Many
corporate victims prefer to discreetly deal with alleged theft or kickbacks
involving employees and directors.
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
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont