Private Sector

A car dealership almost lost a £41,000 Porsche after a fraudster took advantage of a Covid-19 financial rescue scheme.

G4S Care & Justice will pay a £38.5 million fine and cover the SFO’s £5.9 million in costs related to the case.

The first arrests in connection with alleged furlough fraud have been made, HM Revenue and Customs has announced.

The same criteria is applied to all participating countries. Please note that it is important that all the entry criteria are covered in the submission, as judges can only provide their scores against the information that is submitted on the entry.

FRC has announced plans for the ‘operational separation’ of audit practices

The Co-operative Bank is hosting a free fraud awareness webinar to help small businesses protect themselves from potential threats.

The head of the review into the auditing industry has called on the government to press on with an overhaul of the sector, after a Big Four firm failed to uncover fraud at Wirecard.

fraud investigation delayed publication of its 2019 annual financial results.

The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.

https://www.am-online.com/news/dealer-news/2020/06/29/.XvucdRI4RRk.twitter

Global businesses are vulnerable to events that damage their reputation and business leaders are increasingly aware of the need to show integrity.