Accounting Fraud Prevention - How robust is your finance system? What fraud prevention measures do you have in place?

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A YouGov survey revealed that as many as a quarter of all staff eligible for expenses admitted to having inflated their claims (23% said they regularly added between £11-50 each month). More than a fifth (22%) of all respondents to the poll deemed the practice to be acceptable, while as many as 84% said their employer had never queried their expense claims.

Corporate Fraud among senior finance personnel and even chief executives is on the increase too. Chief executives, financial directors and other senior financial staff are far more likely to be involved in committing white collar crime, with board members at divisional, subsidiary and corporate level accounting for almost a fifth of business fraud. Many organisations are not adequately protecting themselves from losses incurred through employee crime.

Download the Advanced Business Solutions whitepaper to learn more about the most common types of internal business fraud and practical advice on how to prevent this negatively impacting your bottom line.

Published in: Economy & Finance
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Accounting Fraud Prevention - How robust is your finance system? What fraud prevention measures do you have in place?

  1. 1. 87.4% fraudsters have no criminal record 82.6% fraudsters never punished Fraudsters cost UK economy £34.8 Billion Equivalent cost £735 per UK adult Download the whitepaper

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