Failure to prevent fraud: the good, the bad and the avoidable

Event information

Building on one of the most highly rated sessions from the 2025 ICAEW Forensic & Expert Witness Community Conference, this in‑person networking event takes a deeper look at the new corporate criminal offence of “Failure to Prevent Fraud”, now that the regime has moved from theory into practice.

With the offence live and organisations actively adapting to the new requirements, this follow‑up session focuses on what is happening on the ground. During the session, the speakers will examine the current state of readiness across businesses, highlighting common challenges and pitfalls that have emerged since go‑live, and outlining what law enforcement expects from organisations in practice. The discussion will also explore how regulatory and enforcement expectations are evolving and what this means for businesses navigating the new offence.

Looking ahead, the speakers will explore the future of financial crime compliance, offering practical insights to help organisations and practitioners stay ahead in a changing regulatory environment.

Speakers will explore:

• How organisations are operationalising fraud prevention frameworks post‑implementation.
• Common challenges, pitfalls, and gaps that have surfaced since go‑live.
• What forensic and expert witness professionals should anticipate as investigations and disputes begin to reflect the new offence.
• How the wider financial crime landscape is shifting and what this means for future expert work.

Designed as an interactive session, this event offers a valuable opportunity to compare experiences with peers, share practical approaches, and strengthen professional networks within the community.

Key benefits

• Receive an update from one of the most popular sessions of the 2025 conference.
• Learn about the common challenges, pitfalls and gaps that have surfaced since go-live.
• What this means for the future of the profession.
• Network with peers.

About the speakers

	David Lister Partner, Forensic Accountant, Pinset Masons David is a forensic accountant specialising in Investigations and Compliance. With over 20 years of experience, David has helped clients manage fraud risk and navigate complex financial and regulatory challenges. Recently, he has been supporting clients in preparing for UK Corporate reforms and the ECCTA.
	Hinesh Shah, Partner, Pinsent Masons Hinesh is a forensic accountant and specialises in leading investigations on fraud, financial crime and accounting matters with extensive experience of working with clients in the financial services, infrastructure and energy sectors.
	Phil Southall, Head of Forensic Services, Ellacotts | ICAEW Forensic & Expert Witness Advisory Group Chair Phil has specialised in forensic services since qualifying as a Chartered Accountant in 1999. He is the current Chair of the ICAEW Forensic and Expert Witness Community Advisory Group, which helps shape the technical development of ICAEW’s forensic and expert witness faculty members. He is also on the forensic accounting committee of the UK200Group, the UK’s leading association of quality-assured professionals. Phil qualified with a Big 4 accountancy firm, before spending two and a half years as an “in-house” forensic accountant at a top 20 law firm, where he developed their then unique approach to dispute resolution, which included using “decision analysis” in litigation.

CPD hours

ICAEW's Continuing Professional Development (CPD) Regulations require a minimum number of hours and an ethics requirement. Attending this event could contribute up to 2hrs of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the event booking confirmation email is accepted as evidence of verifiable CPD. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Costs

ICAEW members and non-members are welcome to join. This event is organised by the Forensic & Expert Witness Community. Please click here to join online.