Big Four partner the latest victim of identity theft fraud
The partner concerned remains unidentified, but his identity was passed off as the director of a small company
The partner concerned remains unidentified, but his identity was passed off as the director of a small company
The crisis surrounding identity theft deepened this week, as it emerged that
fraudsters had stolen the identity of a Big Four partner in a bid to
authenticate accounts filed at Companies House.
The partner concerned remains unidentified, but his identity was passed off
as the director of a small company, according to ICAEW head of business law
Felicity Banks.
Banks was taking part in an Accountancy Age Insider Business Club
webcast when she revealed the extent to which criminals will go to in order to
create a respectable front for their scams.
‘He was identified as a director of a small fraudulent company and he had
huge problems getting these records corrected,’ Banks said.
Last September, credit ratings agency Graydon found that in more than 100
cases, audit firms‘ identities were being used illegitimately.
Banks said that, although Companies House should be able to track changes to
directors’ details in the future, the profession has so far failed to persuade
the DTI to make this necessary for audit firms as well.
The Big Four were reticent about this example of identify theft. A
PricewaterhouseCoopers’ spokeswoman said the firm ‘would not know’ about the
issue, as partners would tackle it through their institutes.
Companies House said that, under current law, it was unable to monitor
changes to company details, and there were no plans to monitor audit firms’
information.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article