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Fraudulent activity can be found within the UK insolvency industry in which
Insolvency Practitioners collude with their appointers to defraud a company and
its creditors, according to Yehudah Barlev, a renowned expert in the field of
investigative auditing.
Writing in Credit
Control Journal, Barlev claims such activity is
becoming far more commonplace due to the lack of proper control over the
insolvency practitioner and his reports.
Citing the lack of control of large sums of money under the direct control of
the insolvency practitioner, Barlev adds that, despite of the fact that large amounts
of money are involved, tax authorities often lack the control mechanism to avoid
misuse of the funds.
Yehudah Barlev is a Certified Public Accountant and Certified Fraud Examiner.
He earned a BA in Accounting and Economics from Tel Aviv University and is a
member of the Haifa University academic staff.
Prior to founding Barlev Investigative Auditing, Israel’s leading investigative
auditing firm, Mr Barlev was a senior investigator in the National Fraud
Investigations Division of the Israeli Police.
Source:
Credit
Control Journal
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