Blog - December 2022

  • How A Death At Sea Exposed A Major Fraud

    Posted on Thursday, December 29, 2022 by Lydia Sinclair — No comments

    On 5th November 1991, the controversial media magnate Robert Maxwell was found dead in the Atlantic Ocean in mysterious circumstances. This death triggered a series of events and investigations by forensic accountants that uncovered one of the greatest frauds in British history, where £426m were stolen from the pensions of employees at the Mirror Group over eight years, improving the demand for ...

  • Chancellor Warning Over Economy Highlights Need For Recruitment Help

    Posted on Tuesday, December 27, 2022 by Lydia Sinclair — No comments

    Accountancy graduates and those set to graduate next summer may be forgiven for feeling a sense of trepidation over what comes next, with the UK widely believed to have entered into recession - although it would require confirmation of a contraction in the final quarter of 2022 to make that official. Chancellor Jeremy Hunt has taken the position that it is pointless to offer false optimism. In ...

  • The Accounts Who Exposed Wall Street’s Biggest Fraud

    Posted on Saturday, December 24, 2022 by Lydia Sinclair — 1 comment

    Financial crimes are extraordinarily complex, both from a mathematical and human perspective, and the bright minds in forensic accounting jobs need to combine both their specialist financial and legal knowledge with the analytical and investigative skills of a detective. The story that highlights this dual purpose of forensic accountants the most is the biggest fraud in the history of Wall ...

  • How Did FTX Collapse In Nine Days?

    Posted on Thursday, December 22, 2022 by Lydia Sinclair — No comments

    The story of the collapse of the cryptocurrency exchange FTX has been compared to the fall of Enron and highlighted the importance of forensic accounting jobs to protect people and prevent wrongdoing in a fundamentally changed cryptocurrency world. However, much like with Enron and other companies that collapse so quickly and so fundamentally, the reasons behind the collapse take far longer to ...

  • How To Boost Work Prospects In 2023

    Posted on Wednesday, December 21, 2022 by Lydia Sinclair — No comments

    Accountancy graduates looking to climb the career ladder next year should read these tips on how to make 2023 a success in terms of their job prospects. Ask for areas of improvement You cannot better yourself if you don’t know what areas need improving, so ask your current employer or professor what you could work on to become the ideal member of staff. As Forbes says: “Far too many of us ...

  • Chancellor Warning Over Economy Highlights Need For Recruitment Help

    Posted on Wednesday, December 14, 2022 by Lydia Sinclair — No comments

    Accountancy graduates and those set to graduate next summer may be forgiven for feeling a sense of trepidation over what comes next, with the UK widely believed to have entered into recession - although it would require confirmation of a contraction in the final quarter of 2022 to make that official. Chancellor Jeremy Hunt has taken the position that it is pointless to offer false optimism. In ...

  • How A Small Forensic Accounting Team Discovered A Gigantic Fraud

    Posted on Wednesday, December 14, 2022 by Lydia Sinclair — No comments

    One of the most interesting aspects of forensic accounting jobs is that every major example of impropriety and fraud is caught by a surprisingly small moment. In the case of Bernie Madoff, his entire empire unravelled because some of the greatest financial minds in the world realised the numbers did not add up . For Enron, the start of the fall came from a local Wall Street Journal article and a ...

  • How An Accountant Helped Catch The World’s Most Infamous Gangster

    Posted on Monday, December 5, 2022 by Lydia Sinclair — No comments

    One of the world’s most notorious organised crime bosses, who controlled almost every criminal activity in the city of Chicago with seeming impunity, was finally caught, arrested and imprisoned thanks to the work of tax accountants. It is a story so commonly recited not only in accountancy recruitment circles but in popular culture, and seems so outwardly ridiculous that some believed it to be an ...