Our blog on the latest issues affecting the automotive sector
Fraud in the automotive industry – kick back/back handers
March 31, 2016
In the final in our series of fraud focused blogs, we look at the issue of kick back/back handers. One of the hardest frauds to identify , this is where an employee is being paid by a supplier or customer to source or give them business.
Fraud in the automotive industry – profit manipulation
March 29, 2016
Over the past few weeks we’ve published a series of blogs looking at the different issues surrounding fraud in the automotive industry. In this blog, we look at the issue of profit manipulation.
Fraud in the automotive industry – cash sales
March 24, 2016
In the fourth of our automotive fraud focused blogs, we look at cash sales and the potential fraudulent issues surrounding them. Members of staff are often trusted that they will give the cash on sale of an asset to the company; unfortunately sometimes this doesn’t happen.
The impact of the 2016 Budget on the automotive sector
March 16, 2016
Today, Chancellor George Osborne announced a new Conservative Budget which he said would focus on the long term. We watched with interest, expecting to see some unwelcome measures announced for the motor industry.
What impact could the 2016 Budget have on the automotive sector?
March 11, 2016
The 2016 Budget takes place next Wednesday, 16 March. With the EU referendum on the horizon and following recent controversies, we will be interested to see what measures the Chancellor pulls from his red briefcase and how they impact on the automotive sector and wider economy.
Fraud in the automotive industry – teaming & lading
March 10, 2016
In the latest of our fraud focused blogs, we look at teaming and lading. This is one of the most common types of fraud and will often start with just a small amount of money. If the fraudster finds that they get away with ‘borrowing’ the money then the amounts will escalate.
Triple success for UHY automotive team
March 2, 2016
Members of our UHY Hacker Young automotive team are delighted to announce their involvement in the completion of three deals in the sector this week.
Cybercrime – protecting your business
March 1, 2016
In the second of our series of fraud focused blogs, we look at what you can do to protect your automotive business from the most common forms of cybercrime.
Cybercrime – understanding the threat to the automotive industry
February 19, 2016
As the risk of cyber threats continues to grow, both large and small automotive businesses need to be proactive in order to protect themselves from cyber criminals.