In the last few days, CIFAS, the UK’s Fraud Prevention Service announced that fraud committed by staff increased by 14.5% in 2011 compared to 2010.
A quick search over the internet highlights this. By searching for “employee fraud UK” we found the following headlines over only a 5 day period:
Former employee defrauded housing association (21 June 2012)
Bride who stole £200,000 for lavish wedding jailed for 20 months (20 June 2012)
Man jailed for multi-million pound scam (22 June 2012)
Inquesta offers a number of seminars (see below), free of charge. Our seminars are carried out in-house. If you would like us to do a seminar, please contact us.
Basic accounting for lawyers
An introduction to fraud prevention & detection
An introduction to pre-pack administrations
Debt management v IVA v Bankruptcy
Solvent winding up
Completion Accounts disputes
What is a forensic accountant?
I am often asked what I do, the answer to which of course is “I am a forensic accountant.”. The general response to that is “oooh that sounds interesting…..” followed by “but what does that mean?”
The simple answer is that a forensic accountant deals with any form of dispute which involves a financial loss.
A forensic accountant regularly works with solicitors and barristers either on civil or criminal matters.
Civil matters tend to involve some sort of financial …
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HMRC – THE INVOLUNTARY CREDITOR
HMRC are the ultimate involuntary creditor. By trading in the UK a business or individual is liable to pay tax under UK legislation.
With effect from 6 April 2012, as part of their debt recovery toolkit, HMRC has received additional powers to request a security bond for PAYE/NIC payable.
The bond will usually cover 4 months of PAYE/NIC plus arrears (if any). This security is likely to be in place for 2 years.
Should a security bond be requested …
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SUSPECT A FRAUD? – CALL US NOW
If you or one of your clients suspects a fraud within your organisation, you should call us as soon as possible.
With current government austerity measures and a double dip recession, the existence of fraud has increased significantly over the past year and can be a major cause of business failure.
Historically, fraud losses could have been hidden by strong profits, however in the current economic climate every penny counts and we are seeing an increase …
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