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AIA SIGNS UP TO NEW ACCOUNTANCY FRAUD CHARTER

Last updated: 22 Oct 2021 02:38 Posted in: AIA

AIA is a signatory to the Joint Fraud Taskforce Accountancy Charter which is a voluntary agreement between law enforcement, professional supervisory bodies and government to combat fraud.

Developed in conjunction with the Home Office, the charter has four main actions to be delivered in collaboration between the accountancy profession, government and law enforcement agencies.

Improved information regarding fraud

The first action in the charter commits to evolve the data sharing capability for the accountancy profession to develop a greater understanding of the threat level that exists within the industry.

The fraud awareness toolkit

The development of a fraud awareness toolkit is a central aim of the charter and will include advice and guidance to accountants on current fraud risks, checks they can undertake to help identify potential frauds and where to signpost victims to for support.

Enhancing Companies House data

To reduce the level of fraudulent information hosted on Companies House, and in line with ongoing reforms, the Home Office will work with BEIS, Companies House, and the accountancy sector to improve the reliability of Companies House data.

Increase fraud awareness and change customer behaviour

The fourth action is an ongoing fraud awareness campaign which will be led by the National Economic Crime Centre and supported by the accountancy profession with the intention of changing customer behaviour to reduce fraud.

David Potts, AIA Director of Operations said: “Today’s criminals are using increasingly sophisticated methods of deception, making fraud harder to detect and having a devastating effect on victims. The role that an accountant plays in fraud prevention can be vital and we are pleased to be working alongside government, law enforcement agencies other professional bodies in the sector to do all we can to educate and protect against fraud.”

Read the Accountancy Sector Fraud Charter.

Today’s criminals are using increasingly sophisticated methods of deception, making fraud harder to detect and having a devastating effect on victims. The role that an accountant plays in fraud prevention can be vital and we are pleased to be working alongside government, law enforcement agencies other professional bodies in the sector to do all we can to educate and protect against fraud