Chris Phillips, Head of Investigations in our London office, shares some thoughts on the current battle against fraud.
In a time of a ‘fraud pandemic’, as commentated and reported on by a vast array of sources (single largest crime, £100bn in losses, one in five of us are victims), there is little if no mention of managing fraud risk/preventing fraud/detecting fraud/investigating fraud in the recently released Financial Reporting Council’s (FRC) draft minimum standard for Audit Committees.