The Consultative Committee of Accountancy Bodies (CCAB) is an umbrella group of chartered professional bodies in the UK of which Chartered Accountants Ireland is a member. CCAB has recently published a number of helpful client due diligence case studies.
Case study 1 -High Risk jurisdiction
Case Study 2 – Varying CDD based on level of risk
Case Study 3 – Change in client circumstances
Case Study 4 – An offer that’s too good to refuse
You can click here to access them.
The case studies provide different scenarios and consider certain questions in each such as what were the red flags to pick up? What are the risks and the potential threats the firm faces or may face? What action(s) should be or should have been taken?