Displaying 1-50 of 66 results
Public funds fraud cost taxpayers £81bn, NAO says
- 04 Dec 2024
- ICAEW Insights
The National Audit Office outlines the impact of fraud and error on public funds, how public bodies can tackle fraud and error and the NAO’s efforts to reduce the impact of fraud.
November cyber round-up
- 28 Nov 2024
- ICAEW Insights
This month we look at criminals’ latest techniques, the 10th birthday of Cyber Essentials, fraud risk in the utilities sector, and how an artificial intelligence grandmother has joined the fight against cybercrime.
Accountants must rally together to combat corruption
- 25 Nov 2024
- ICAEW Insights
ICAEW is contributing to the battle against procurement fraud and is sharing best practices to combat corruption, which costs the global economy £2trn annually. Discover how you can make a difference.
The role of the accountant in tackling economic crime
- 07 Nov 2024
- ICAEW Insights
At ICAEW’s ethics event, Serious Fraud Office Chief Investigator hails accountants’ “critical role” in fighting against wrongdoing, as an expert panel weighs implications of the Economic Crime and Corporate Transparency Act.
Cyber: your personal accounts could be arming cyber criminals
- 18 Oct 2024
- ICAEW Insights
Cyber Security Awareness Month: Attendees at ICAEW’s annual cyber lecture learned about the government’s moves to tackle cybercrime, and how personal digital footprints can leave businesses vulnerable.
Cyber: enhancing security when data sharing
- 15 Oct 2024
- ICAEW Insights
Cyber Security Awareness Month: we consider the common cyber risks around data sharing and what processes, procedures and measures should be taken to mitigate them.
Corporate ‘cuckooing’ highlights flaws in Companies House reform
- 14 Oct 2024
- ICAEW Insights
Recent business shutdowns have shown how fraudsters can impersonate directors and brands – but experts say that planned Companies House reforms won’t solve the problem.
Cyber: how to help staff keep up with cybercrime
- 10 Oct 2024
- ICAEW Insights
Cyber Security Awareness Month: Cyber threats are changing all the time, putting pressure on companies to educate staff effectively. But what is the right amount of training and what sort of tone should it take?
Major cyber security risks and trends in 2025
- 07 Oct 2024
- ICAEW Insights
Cyber Security Awareness Month: Organisations need to address risks through processes, protocols and procedures and not just buy that latest shiny technology.
Exclusive
INTERNAL AUDIT COMMUNITY
I'm an audit chair - get me out of here!
- 30 Sep 2024
- Carolyn Clarke - Internal Audit Community
In years gone by, the Audit Committee was firmly a finance domain. Audit Committee Chairs were predominantly accountants, often former external audit partners or CFOs, tasked with ensuring the financial results and the Annual Report reflected the performance of the organisation.
Auditor obligations on fraud in the spotlight
- 29 Aug 2024
- ICAEW Insights
Recent regulatory action highlights the importance of remaining alive to the risks of fraud. Auditors must be aware of how legal requirements and auditing standards guide obligations when reporting suspicions of fraudulent activities.
AI ‘will turbocharge cybercrime and fraud’
- 26 Jun 2024
- ICAEW Insights
Chief internal auditors are worried that AI is likely to fuel a surge in cyber, fraud and economic crime, according to a new poll.
Community boosts joint effort on fraud prevention
- 29 Apr 2024
- ICAEW Insights
Fraud Advisory Panel initiative facilitates cross-sector collaboration – helping organisations with risk mitigation and highlighting career opportunities in the counter fraud field.
How business should approach fraud risk
- 02 Apr 2024
- ICAEW Insights
Fraud volumes and values are rising annually. But new rules and governance regulations hope to help prevent business fraud before it happens and detect it when it does.
UK fraud makes massive leap to £2.3bn
- 28 Feb 2024
- ICAEW Insights
Reported cases of fraud are rising and the amounts involved are getting larger – but still fewer than one in seven fraud offences are reported to the police.
House of Lords reports on Finance Bill measures
- 06 Feb 2024
- ICAEW
House of Lords agrees with the Tax Faculty recommendation that the start date for merged scheme for R&D tax relief should be delayed.
Exclusive
Maintaining stability in the era of stablecoins
- 16 Jan 2024
- ICAEW Financial Services Faculty
Stablecoins emerge as a prospective form of future money, offering a plausible alternative to traditional fiat paper money and commercial bank deposits.
Exchange of payment data to fight VAT fraud
- 20 Dec 2023
- ICAEW
EU rules set to transform VAT fraud detection in e-commerce come into effect from 1 January 2024.
Cost-of-living crisis fuels charity fraud risks
- 27 Nov 2023
- ICAEW Insights
As Charity Fraud Awareness Week 2023 kicks off, the latest Charity Fraud Report shows that instances of fraud across the sector continue to rise.
Reinforcing the prevention and detection of fraud
- 15 Nov 2023
- ICAEW Insights
In International Fraud Awareness Week, ICAEW Economic Crime Manager Mike Miller outlines the current fraud landscape in the UK and the importance of remembering to have a robust framework in place to prevent fraud.
Brewdog case shines light on procurement fraud
- 12 Oct 2023
- ICAEW Insights
Beer brand CEO’s frank LinkedIn post lifts lid on actions of rogue sales agent who almost cost company 100,000 cans. Here, experts weigh in with thoughts on the wider lessons.
AI fraud and accountants
- 08 Sep 2023
- ICAEW Insights
Many predictions about AI taking our jobs have not yet materialised, but the threat of AI-driven fraud is a much more worrying development.
Fighting fraud: how the FAP is gaining ground
- 02 Aug 2023
- ICAEW Insights
Head of the Fraud Advisory Panel, Matthew Field explains how the organisation is stepping up the fight against business fraud and why collaboration is one of the most powerful weapons in its armoury.
Exclusive
EXCEL COMMUNITY
Fraudulent Numbers
- 25 Jul 2023
- Liam Bastick
Sometimes, things aren’t what they seem. Like false advertising, optical illusions and hidden agendas, on occasion numbers in Excel may appear “fraudulent”. And that can cause issues for spreadsheets, whether you are using them for data manipulation / reporting, forecasting, budgeting or modelling.
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AUDIT AND ASSURANCE FACULTY
Risk assessments in 2023
- 12 May 2023
- ICAEW
ICAEW resources can help auditors to assess risks faced by their firms and by entities they audit.
How do audit committees perceive corporate fraud risks?
- 04 May 2023
- ICAEW Insights
ICAEW’s Audit and Assurance Faculty considers audit committee perspectives on corporate fraud and how it can be better prevented and detected.
Enforcement
- 09 Mar 2023
- ICAEW
How rules are enforced, how breaches are investigated, the sanctions available and who adjudicates.
How businesses approach fraud risk: the audit committee view
- 27 Jan 2023
- ICAEW Insights
What are the key factors behind the emergence of fraud risks and how should organisations ensure their controls are fit for purpose? Two experienced audit committee chairs provide their thoughts.
The role of the internal auditor in addressing fraud risk
- 11 Jan 2023
- ICAEW Insights
Fraud losses are costing the UK economy tens of billions every year. Where do internal auditors sit within organisations’ efforts to provide contingencies?
Report makes recommendations to reduce tax fraud
- 07 Nov 2022
- ICAEW Insights
Joint report by the All-Party Parliamentary Group on Anti-Corruption & Responsible Tax (APPG) and TaxWatch highlights an enforcement gap in HMRC’s handling of the issue.
Why SMEs can’t be complacent about fraud
- 17 Aug 2022
- ICAEW Insights
Fraud is on the rise and is one of the biggest risks businesses face. The Fraud Advisory Panel is trying to address this through its latest campaign.
ICAEW calls for improvements to EU e-commerce regime
- 02 Aug 2022
- ICAEW
In its response to the EU Commission’s call for evidence on administrative cooperation and the fight against VAT fraud, ICAEW’s Tax Faculty focussed on the benefits of requiring a reduced number of VAT registrations within the EU.
HMRC tackles suspected R&D tax relief fraud in new campaign
- 15 Jul 2022
- ICAEW
ICAEW reported that payment of some R&D tax credits have been stopped while HMRC investigated some concerning claims. HMRC has now provided further details relating to this campaign.
Tax news in brief 13 July 2022
- 12 Jul 2022
Highlights from the broader tax news for the week ending 13 July 2022, including: obtaining paper property disposal forms; a new HMRC manual; EU Commission consultation on VAT fraud; and simplification of transfer of residence relief claims.
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AUDIT AND ASSURANCE FACULTY
Focusing on fraud in financial statements
- 07 Jul 2022
- ICAEW Audit and Assurance Faculty
Auditors can enhance their endeavours to detect fraud in financial statement audits, with support from ICAEW and from standard-setters.
The future of UK VAT as a digital tax
- 01 Jul 2022
- Joseph Eloi
With the pace of change constantly accelerating, EY’s Joseph Eloi, Manager, Tax and Trade Strategy, explains the need for a roadmap from HMRC, so that businesses can start planning.
Denmark reinstates audit for some SMEs to tackle tax fraud
- 24 Jun 2022
- ICAEW Insights
After years trying to reduce red tape, the correlation between loss of tax revenue and absence of audit has changed the political appetite to lower the audit threshold.
How can you protect your business against fraud?
- 07 Jun 2022
- ICAEW Insights
The Fraud Advisory Panel and Barclays Bank have launched a new campaign to help and support businesses in the fight against fraud.
PAC slams BEIS for ‘open goal to fraudsters and embezzlers’
- 17 May 2022
- ICAEW Insights
The Public Accounts Committee says there was insufficient effort to prevent fraud and error in the distribution of business support grants and loans, adding ‘billions and billions to taxpayer woes’
Fraud risks a “colossal problem”
- 02 Feb 2022
- ICAEW Insights
Sir David Green CB QC, the new chair of the Fraud Advisory Panel, on why weaknesses in counter-fraud systems and enforcement are making London an attractive place for fraudsters
HMRC briefing highlights its approach to tax fraud
- 13 Jan 2022
- ICAEW
ICAEW’s Tax Faculty reminds members about where to look for support in spotting risks and handling cases where tax fraud is alleged.
New Chair of Fraud Advisory Panel announced
- 06 Jan 2022
- ICAEW Insights
Former Serious Fraud Office Director Sir David Green CB QC is the new Chair of independent fraud watchdog the Fraud Advisory Panel.
Exclusive
AUDIT AND ASSURANCE FACULTY
Fraud and audit
- 04 Oct 2021
Following the Brydon review of audit, and recent and forthcoming revisions to auditing standards on fraud, including ISA (UK) 240, there are key changes regarding auditor responsibility and scepticism, risk assessment, responses to risk and evaluation of evidence, and communication to management.
Anyone can be a victim of digital scammers, warns HMRC
- 26 Aug 2021
Taxpayers are being urged to remain cautious of digital approaches claiming to be from HMRC, as tax-related scams have almost doubled in the past 12 months. ICAEW’s Tax Faculty highlights HMRC support on spotting scams and checking that contact is genuine.
Reactive firms are victim to rocketing cost of financial fraud
- 14 Jul 2021
- ICAEW Insights
Fraud now costs businesses and individuals in the UK a jaw-dropping £137bn a year, with average losses now hitting 8.58%, new research has found – an 88% increase since 2007.
Exclusive
AUDIT AND ASSURANCE FACULTY
John Selwood’s Question Corner
- 05 May 2021
- John Selwood
John Selwood considers some big issues affecting all auditors and audits.
Exclusive
AUDIT AND ASSURANCE FACULTY
The importance of detecting fraud
- 05 May 2021
- Katharine Bagshaw
As standard-setters move forward with initiatives around fraud and going concern, Katharine Bagshaw looks into the concerns and proposed reforms – and shares some ICAEW perspectives on progress.
‘Complete rethink’ needed to tackle social media fraud
- 19 Apr 2021
- ICAEW Insights
The Fraud Advisory Panel has outlined five key recommendations to combat social media fraud as online scammer statistics continue to surge.
Accountancy Europe: toughen the financial reporting ecosystem against fraud
- 16 Apr 2021
- ICAEW Insights
The European umbrella body has stressed the need for a more holistic approach to tackling fraud, following concerns that a disproportionate focus on auditors will do little to reduce the ever-growing risks.
Audit guide: how to report on irregularities, including fraud
- 06 Apr 2021
- ICAEW Insights
ICAEW’s Audit and Assurance Faculty has produced a second “Know-How” guide for auditors who are reporting on irregularities for the first time.
Displaying 1-50 of 66 results