Forensic accountants are set to check out the financial impact of allegations that expert witnesses have made false claims that could add up, said a senior judge, to perjury ‘on an industrial scale’. The allegations come amid a long-running battle between insurers and the credit hire companies who supply replacement vehicles to drivers involved […]
In the latest crackdown on suspected money laundering, officers from HM Revenue and Customs have raided a canal boat moored in the centre of Leeds and arrested a sixty four year old man in a joint operation with police and the UK Border Agency. The man, named as Richard Williams, has been bailed to return […]
The Crown Prosecution Service is to experiment with ‘paperless’ criminal trials as lawyers in selected Courts are given laptops and electronic tablets. The plan could mean expert witnesses including forensic accountants giving evidence electronically rather than being questioned using large bundles of documents. The moves comes as the CPS tries to cut its budget by […]
Forensic accountants are among a wide range of experts who have launched a campaign for a judicial review of a Government decision to force through caps on expert fees in publicly-funded cases before the Family Court. The organisation, known as the Consortium of Expert Witnesses to the Family Court, say that the action will focus […]
The Government of the Channel Island state of Jersey has claimed that a leading accountancy firm billed inappropriately for the cost of attending a hearing that was set up to examine the costs of a state enquiry into child abuse on the island. Deputy Trevor Pitman said his Education and Home Affairs sub-panel received a […]
Forensic accountants, economists and lawyers at the heart of an organisation campaigning against tax havens have praised the Isle of Man Government for their efforts to make money laundering and tax avoidance more difficult. The Tax Justice Network (TJN) says the island has moved down its secrecy league to thirty-sixth position because it has joined […]
Howard Rose (c) BBC News A sixty-three year old charity administrator is serving a fifteen month jail term after he admitted stealing more than seventy six thousand pounds from a children’s charity. York Crown Court was told that forensic accountants working with police officers uncovered evidence that Howard Rose from The Village, Earswick […]
UK energy industry regulator Ofgem has called in forensic accountants as it steps up its investigation into pricing by the big six suppliers. The action has been prompted by EDF Energy’s decision to put up its gas prices by 15.4 per cent and electricity prices by 4.5 per cent from 10th November. It is the […]
A leading international accountancy firm is facing allegations that it did not use sufficient forensic skills to detect fraud while auditing an American mortgage company that went under in the US housing crash. Complaints have been filed in a Florida Court against Deloitte Touche Tohmatsu.(DTT) alleging that the fraud went undetected over a seven year […]
Within days of admitting under-ordering paper for tax statements, Her Majesty’s Revenue and Customs has once again been forced to apologise, this time for poor customer service. The criticism came from the Treasury Select Committee of MPs, who concluded that dissatisfaction with the taxman was at such a level that there was a risk of […]
After much discussion, consumer watchdog, The Office of Fair Trading, has decided to call for an independent inquiry into the audit industry following criticism of the actions of four of Britain’s largest accountancy firms. The OFT started to examine the industry after allegations of poor quality published accounts and conflicts of interest against Deloitte, KPMG, […]
Around half a million self-employed taxpayers are being given an extra two months to make their July tax payment because of an error by the UK tax authorities. It’s been revealed that Her Majesty’s Revenue and Customs did not order enough special paper to meet the demand for printing statements confirming the amount of tax […]
In a landmark Supreme Court decision, a panel of seven senior judges has decided that expert witnesses, across the criminal, family and civil courts, should no longer have immunity from claims against them for breach of duty in contract or in negligence. Immunity against slander and libel remain in place. Although this landmark case did […]
An ex-MP due to stand for trial accused of fiddling her parliamentary expenses has been declared unfit to stand trial. NIFA News has learnt that, according to consultant psychiatrist Philip Joseph, the former member for Luton South, 56 year old Margaret Moran, is suffering from a depressive illness as well as extreme anxiety and agitation. […]
When a Christmas savings company collapsed, BBC News turned to NIFA for specialist advice to find out why it happened. Farepak borrowed £34 million pounds from bankers to buy the savings business but three years later sold it for less than an estimated tenth of what it had paid. The loan was called in and […]