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.

 

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.