The Fraud Advisory Panel has outlined five key recommendations to combat social media fraud as online scammer statistics continue to surge.
Economic crime is causing increasing disruption to every type of organisation, from established businesses to charities and public sector bodies. The frequency of attacks is rising, and criminals are becoming more sophisticated, supported by advances in technology. In these articles and videos, we explore the latest trends and perspectives on economic crime from around the world, and look at how chartered accountants can help prevent it happening.
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.
We speak to Zafar Anjum, founder and chief executive of CRI Group, about the rising levels of fraud during the pandemic, and how his company is using AI to investigate wrongdoing.
Manipulation of a company’s financial position can be difficult to prevent when carried out by a senior staff member. Chartered accountants are well placed to help organisations assess whether controls are sufficiently robust to detect and deter fraudulent behaviour.
ICAEW’s Audit and Assurance Faculty has produced a second “Know-How” guide for auditors who are reporting on irregularities for the first time.
Why there has never been a more important time where chartered accountants must stand up and protect businesses, explains David Clarke, Chairman of the Fraud Advisory Panel.
How following fraud money trails can have an “unexpected benefit” when uncovering networks of crime, explained by Australian Professor of Business Government and Law, Russell Smith.
Chartered accountants are trusted professionals and should have zero tolerance of fraud, money laundering or any type of economic crime, writes Michael Izza, ICAEW CEO.
Every senior manager and leader needs to understand cybersecurity, writes Councillor Peter Fleming, Chairman, Improvement and Innovation Board at the Local Government Association.
The UK financial services sector is examining ways to improve economic crime detection processes, in particular through the use of artificial intelligence. This comes with a number of benefits and challenges, explains UK Finance chair Robert Wigley.