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The European umbrella body for accountancy institutes has stressed the need for a more holistic approach to tackling fraud, following concerns that a disproportionate focus on the role of auditors will do little to reduce the ever-growing risks.
Attempts at a European level to present strategies for tackling corporate fraud have moved up a notch with the publication of Accountancy Europe’s recommendations to strengthen the financial reporting ecosystem against fraud, amid concerns that the pressure on business due to COVID has opened up new opportunities for economic crime.
The pandemic has created new opportunities to commit fraud, making companies more vulnerable to corporate failure, the report warns. The latest findings from PwC’s Global Economic Crime Survey found that, in the UK alone, 56% of organisations had experienced fraud in the past two years – the highest level ever recorded – a figure that the firm expects will be eclipsed in the com ....

United Kingdom , Andrew Hobbs , Pwc Global Economic Crime , Accountancy Europe , Global Economic Crime Survey , Patisserie Valerie , ஒன்றுபட்டது கிஂக்டம் , ஆண்ட்ரூ ஹாப்ஸ் , பவ்க் உலகளாவிய பொருளாதார குற்றம் , கணக்கர் வேலை யூரோப் , உலகளாவிய பொருளாதார குற்றம் கணக்கெடுப்பு , ப்யாடிஸ்ஸரீ வலேரி ,