Local governments targeted by fraud deception
A new report has revealed details of the scale in which local governments have been targeted by fraud.
– Jeremy Newman, Chairman of the Audit CommissionThere is no doubt our findings show councils increasingly out-smarting the fraudsters.
But while they are busy tackling established frauds, new ones keep emerging. Every threat exposed or investigated safeguards money which is needed more than ever.
A spokesman for the Audit Commission added the report, called Protecting the Public Purse 2012 - Fighting Fraud Against Local Government, found the amount of fraud detected by councils was a comparatively small amount.
He said: "There has been an increase in the amount of fraud detected by councils, but the fraud detected is the tip of the iceberg."
More top news
Markets spooked as US hints it will withdraw QE early
The FTSE100 fell 2% today after the chair of the US Federal Reserve hinted its version of quantitative easing would end early.
Tonight: Tornadoes - Deadly Force
Tonight visits Oklahoma as it begins to rebuild after Monday's devastating tornado to find out what causes the deadly storms.
Govt to pressure British firms on human rights overseas
In the next few months, the government will introduce a policy requiring British companies to do more to respect human rights overseas.