The Fraud Beat: It Pays to Be the Boss's Wife

The British government’s tax fraud department didn’t have to look too far afield to find an ethical lapse.

David Partridge, the COO of the Revenue and Customs Prosecutions Office, was fired for gross misconduct after awarding his wife what a government report termed a “lucrative” consultancy contract that paid her £100,000 (roughly $160,000).

A report about the situation by the House of Commons Public Accounts Committee found shortcomings in internal controls allowed the contract to be awarded, according to several British media accounts. Additionally, the report said the agency’s director was “thrown into the deep end” when appointed from outside the public sector, because he lacked the necessary support, training and experience to identify or mitigate any risks that occurred.



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.