ICAEW ditches KPMG employee for £43,000 false expense claims
ICAEW excludes and fines Darren Merchant for false travel expense claims
A senior
KPMG
employee who dishonestly claimed more than £43,000 in expenses has been excluded
from the ICAEW and fined.
At an
ICAEW
disciplinary hearing, Darren Merchant of Dartford, Kent, admitted to claiming
£43,087 in air travel.
He booked flights relating to client trips, cancelled the flights then failed
to reimburse the firm. In the majority of instances he charged the flights to
internal office codes rather than to the clients.
During KPMG’s own investigation he admitted that 17 flights had been claimed
and cancelled or claimed twice, between May 2006 and April 2008.
Merchant didn’t dispute the allegations during KPMG’s disciplinary, and a
family member who was ill had led to a debt. He had expressed his remorse, and
offered to repay the sum. He had presented to cheques totalling £20,000 to the
firm.
The ICAEW excluded Merchant from membership, fined him £8,000 and ordered him
to pay costs of £1,000.
Further reading:
ACCA
investigates former president