Economic Crime Bill: ‘once in a generation opportunity’ to close fraudster loophole
Regulation

Economic Crime Bill: ‘once in a generation opportunity’ to close fraudster ...

2y Greg Noble

Economic Crime Bill: ‘once in a generation opportu...

The Economic Crime and Corporate Transparency Bill aims to tackle the abuse of UK companies’ registration and removals by reforming the powers of Comp...

View article
UK accountant handed jail term in £160k tax fraud case
HMRC

UK accountant handed jail term in £160k tax fraud case

3y Sam Alberti

UK accountant handed jail term in £160k tax fraud ...

The taxpayer’s trust was abused using accountancy knowledge and expertise, HMRC said Read More...

View article
Accountancy firms urged to help tackle umbrella company fraud
Tax

Accountancy firms urged to help tackle umbrella company fraud

3y Rob Griffin

Accountancy firms urged to help tackle umbrella co...

Experts believe action plans are needed to tackle rising umbrella company fraud Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
Audit must “dial up focus” to detect fraud more effectively
Audit

Audit must “dial up focus” to detect fraud more effectively

3y Sam Alberti

Audit must “dial up focus” to detect fraud more ef...

While the responsibility of auditors is often misinterpreted, the capabilities of the profession must still improve, according to market participants ...

View article
Q&A: Liquidating a multi-billion dollar Ponzi scheme
Career

Q&A: Liquidating a multi-billion dollar Ponzi scheme

4y Jeremy Chan

Q&A: Liquidating a multi-billion dollar Ponzi sche...

Forensic accountant talks Allen Stanford, litigation, and the future of accountancy Read More...

View article
Over £1bn of alleged fraud hits UK Courts
Security

Over £1bn of alleged fraud hits UK Courts

5y Leanna Reeves

Over £1bn of alleged fraud hits UK Courts

The value of alleged cybercrime cases reached over £1 billion in UK Courts in 2019, according to research by KPMG – showing fraudsters are becoming mo...

View article
Deloitte pursues KPMG over audit of Goals Soccer Centres
Audit

Deloitte pursues KPMG over audit of Goals Soccer Centres

5y Chris Jewers

Deloitte pursues KPMG over audit of Goals Soccer C...

Investigations into accounting fraud at Goals has involved HMRC, the FCA, BDO, RSM, Deloitte and could see KPMG on the wrong end of legal action, acco...

View article
Examining public financial management in fragile states
Practice

Examining public financial management in fragile states

5y Salema Hafiz

Examining public financial management in fragile s...

Financial management issues characteristic of fragile states include widespread corruption, fraud, low tax collection and highly bureaucratic environm...

View article
Toppled from the top – The risk of fraud
Audit

Toppled from the top – The risk of fraud

5y Roger Isaacs

Toppled from the top – The risk of fraud

Roger Isaacs - Forensic Partner at Milsted Langdon - talks about the Patisserie Valerie collapse and what its impact has been and the role of forensic...

View article
SFO corporate cooperation guidance – How far should you go to cooperate?
Regulation

SFO corporate cooperation guidance – How far should you go to cooperate?

5y Johnny Shearman and Elliott Fellowes

SFO corporate cooperation guidance – How far shoul...

Would you know what to do if you uncovered wrongdoing? New guidance from the SFO sets out, for the first time, indicators of good practice which the S...

View article
Value of Fraud Cases reaching UK Courts decreased in H1 2019
Security

Value of Fraud Cases reaching UK Courts decreased in H1 2019

5y Chris Jewers

Value of Fraud Cases reaching UK Courts decreased ...

Roy Waligora, KPMG UK head of investigations said: “We are noting a worrying move from criminals simply hacking as a means to an end to being industri...

View article
What are Brexit’s implications for cross-border fraud in the UK?
Brexit

What are Brexit’s implications for cross-border fraud in the UK?

5y Marc McAuley

What are Brexit’s implications for cross-border fr...

Marc McAuley, Counter Fraud Services Lead at CIPFA, discusses the issue of cross-border fraud and the implications Brexit may have on it. Read More...

View article
Mandate fraud losses approach £100m in 2018/19
Security

Mandate fraud losses approach £100m in 2018/19

5y Chris Jewers

Mandate fraud losses approach £100m in 2018/19

According to the data obtained by RSM from the UK’s national fraud and cyber-crime reporting centre, businesses lost a total of £99,283,213 to mandate...

View article
Patisserie Valerie: Restructuring firm FRP to take over from KPMG
Grant Thornton

Patisserie Valerie: Restructuring firm FRP to take over from KPMG

5y Chris Jewers

Patisserie Valerie: Restructuring firm FRP to take...

FRP Advisory, a restructuring firm, were chosen by creditors that include HMRC and Luke Johnson, the former chairman of Patisseries Valerie. Read More...

View article
Getting control over business expenditure
Corporate Finance

Getting control over business expenditure

5y Ian Smith

Getting control over business expenditure

With Accounts Payable fraud on the rise Ian Smith, Finance Director and GM at Invu, looks at whether technology can save businesses from a brewing cri...

View article
HP and Autonomy - The use of evidence in and from foreign proceedings
Company News

HP and Autonomy - The use of evidence in and from foreign proceedings

5y Charles Pugh and Edmond Fung

HP and Autonomy - The use of evidence in and from...

Oury Clark solicitors give an insight into the HP and Autonomy accounting fraud case, assessing the use of foreign evidence in proceedings. The trial ...

View article
Phone security expert lauds HMRC’s response to scam surge
HMRC

Phone security expert lauds HMRC’s response to scam surge

5y Dave Beach

Phone security expert lauds HMRC’s response to sca...

New statistics from HMRC reveal a surge in phone scam reports, yet telco security experts, Callsign, have praised the taxman’s counter fraud efforts. ...

View article
Top accounting scandals in 2018
Audit

Top accounting scandals in 2018

6y Virginia Blackburn

Top accounting scandals in 2018

A summary of the cases of financial scandals, accounting fraud and corporate fraud which capitivated us last year and their implications Read More...

View article
“Fraud is complex and rarely about one issue,” says BDO
Governance

“Fraud is complex and rarely about one issue,” says BDO

6y Emanuela Hawker , Reporter

“Fraud is complex and rarely about one issue,” say...

The firm’s annual FraudTrack report reveals that, whilst the value of fraud cases has dropped, it is still a prevalent issue in the UK. Read More...

View article
Patisserie Valerie rescued in management buyout backed by Causeway Capital Partners
Audit

Patisserie Valerie rescued in management buyout backed by Causeway Capital ...

6y Accountancy Age

Patisserie Valerie rescued in management buyout ba...

After being on the brink of complete collapse, Patisserie Valerie and 2,000 of its jobs has been saved Read More...

View article
Patisserie Valerie receiving multiple bids despite being shrouded in fraud
Audit

Patisserie Valerie receiving multiple bids despite being shrouded in fraud

6y Accountancy Age

Patisserie Valerie receiving multiple bids despite...

Over 920 people who were made redundant due to store closures will not be paid this month Read More...

View article
How did fraud come about in the Patisserie Valerie case?
Insolvency

How did fraud come about in the Patisserie Valerie case?

6y Accountancy Age

How did fraud come about in the Patisserie Valerie...

Simon Bonney, partner and insolvency expert, said “It is difficult, given the extent of the fraud, that this isn’t something that could have been spot...

View article
Should Tesco directors ever have faced fraud trial?
Legal

Should Tesco directors ever have faced fraud trial?

6y Beth McLoughlin

Should Tesco directors ever have faced fraud trial...

Questions have been raised about the use of DPAs by the Serious Fraud Office (SFO) case after the case against final defendant Carl Rogberg was droppe...

View article
Patisserie Valerie admits supplier payment issues amidst fraud investigation
Business

Patisserie Valerie admits supplier payment issues amidst fraud investigatio...

6y Accountancy Age

Patisserie Valerie admits supplier payment issues ...

Interim CFO Nick Perrin said "It was identified that there are many creditors with a large backlog of unpaid invoices." Read More...

View article
Patisserie Valerie: Reflections and future predictions on the cake business fraud scandal
Business

Patisserie Valerie: Reflections and future predictions on the cake business...

6y Accountancy Age

Patisserie Valerie: Reflections and future predict...

Accountancy Age catches up with Gavin Pearson, forensic accounting and expert witness partner at Quantuma on the Patisserie Valerie accounting investi...

View article
KPMG South Africa embroiled in VBS corruption scandal
Practice

KPMG South Africa embroiled in VBS corruption scandal

6y Accountancy Age

KPMG South Africa embroiled in VBS corruption scan...

As if the Gupta family scandal wasn't enough, KPMG South Africa is wrapped up in a new catastrophe involving corruption at VBS Mutual Bank Read More...

View article
Tax fraud investigations: one step forward and two steps back?
Tax

Tax fraud investigations: one step forward and two steps back?

6y Tessa Lorimer

Tax fraud investigations: one step forward and two...

Common Reporting Standards will help investigating agencies but it's no windfall - the hurdles of UK Admissibility, Brexit and countries' economies co...

View article
1 2 3 13