The case study presentation will illustrate how kickback schemes thrive in China. Key issues include a review of how weak internal controls and due diligence can victimize organizations, and the ins and outs of investigating fraud and kickbacks in China. The session covers Klink’s confidential ten month investigation including hundreds of interviews, covert operations, visits to hundreds of vendors and forensic accounting analysis. Some schemes identified include theft and misuse of employment agency fees; cafeteria vendor kickbacks, transportation vendor fraud, overcharges, and kickbacks; phantom vendors; and use of off-shore of ATM’s to pay kickbacks.
For more information on the conference visit http://www.fraudconference.com.