Fraud breaks £2bn barrier
BDO predicts fraud could rise to £5bn in a couple of years
Reported fraud in the UK broke the £2bn barrier in 2009 for the first time, according to new research from accountants and business advisers BDO.
The company said that the amount lost by businesses and the public sector to larger frauds increased last year by 76% during the recession, with both the number and size of frauds increasing dramatically.
BDO predicts that this rise is a precursor of things to come, and warns that annual reported corporate fraud could be as high as £5bn in a couple of
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