Some years ago, I began work for a small company, where the accountant played quite an active role in management. She would visit once a month for a few days, to 'do the books', during which time the Company would pay for her meals, hotel and travel, on top of her normal accountancy fees. This accountant did not work directly for the Company, but ran her own accountancy business, which was contracted by 'my' Company. The Company had just been purchased by one of our main suppliers (a French company) who has their own accountant etc, but were very 'hands off' and just wanted us to continue as before.
While at the Company, I also met my partner, a colleague, who worked in credit control - making sure invoices were paid etc.
During my time at the Company, I became concerned about the accountant, as during her visits to the office, I would quite often see online gambling on her screen, which struck me as worrying for an accountant. I raised my concerns with the MD, but they were taken no further - his thoughts were that she could do what she liked with her money during lunch. Although I didn't really agree with that, I could understand, and didn't pursue it any further.
A couple of years later, the recession in the UK was beginning to affect the Company, and money was starting to get tight. Meetings were held with all staff (7, including the accountant) present, to get ideas to save money. Ultimately, the accountant suggested to the MD (outside these meetings) that his secretary, and the credit controller (my partner) could both be made redundant - the secretary was, in my opinion, not particularly efficient anyway, and the accountant said she would take on the work of the credit controller.
A few months later, this was put into practice, and both colleagues were made redundant. The financial situation didn't really improve, and credit control certainly suffered, but this was perhaps expected.
~1 year later, I also left the Company, in order to move house with my partner.
Some time later, we learnt through someone still working for the Company that the accountant had been caught taking money - we were told that the French accountant had found 'irregularities', and it turned out that she was taking her monthly salary payment 16 times a year, random expenses claims (considering that all her costs were paid directly by the Company during visits), unusual payments to other companies... The Company (with a new MD, my previous line manager, now) 'ambushed' her during a monthly visit, and she admitted all, and said it was to pay for her gambling debts...
The Company decided to deal with this internally - they agreed a plan where the accountant would gradually pay them back the money and would not retain her chartered status, and in return the Company would not report her to the Police. I suspect if they did report her to the Police, other companies may also find problems and demand payment, and the Company would not be repaid in full.
I suspect that the accountant suggested redundancy for my partner, as she was the only other employee who had access to the accounts, and so her main 'threat'. This redundancy caused my partner some considerable financial and emotional stress - she had been working for the Company since leaving school.
The accountant no longer holds a practising certificate, but her husband (also an accountant, and also certainly involved) does.
Although initially, we decided to ignore it and put it in the past, should we report it? It wouldn't be difficult to work out that we'd learnt about it from a particular employee, which would likely cause them problems. But equally, another company employing the services of an accountant would probably want to know...
Sorry for the wall of text, from which I've almost certainly excluded some necessary information...