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What does failure to prevent mean for the accountancy sector?

Louise Hodges and Alun Milford, partners in the criminal litigation team at Kingsley Napley LLP, consider the latest proposals to introduce a failure to prevent false accounting offence

A comment made by minister of state for security Tom Tugendhat during a debate on the Economic Crime and Corporate Transparency Bill on 25 January has sparked a flurry of media reports and speculation.

Tugendhat was confirming that the government supported the inclusion of new corporate criminal offences, based on the failure to prevent (FTP) model, in the Bill.

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