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PQ magazine for part qualified accountants.
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Latest News
Go to jail!
07 September 2009
KPMG director Andrew Wetherall is going to jail! He apparently swindled his firm out of a cool £500,000 to help fund a new wife’s £15,000-a-month lifestyle. Wetherall’s six-figure salary just wasn’t enough for the new woman in his life and it helped that KPMG didn’t check any fraudulent claims below £5,000, so they weren’t need authorised by bosses! This went on for five years during which time the KPMG man claimed for £480,000 of air travel (about half were supported by fake documentation). He was also able to claim for a £4,000 watch and £2,000 camera and computer equipment. He was only finally caught after a colleague became suspicious for one £18,000 expense!
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