KNOWLEDGE CENTER

Did you know that you could go to prison, just for being a C level employee in your host country?

KNOWLEDGE CENTER


Did you know that you could go to prison,
just for being a C level employee in your host country?

By Claire Worledge

We were living in Shanghai for four years, and if you have lived in Shanghai, recently you have probably heard this story. 

A French bakery that all of us expats loved going to suddenly got closed down one day, the management put in prison and the owner fled to England. 

What happened? Well, one of their employees complained on a government website that the flour they were using was out of date by about a week or even longer. 

So, what’s that got to do with you? 

Well, did you know that in some countries, such as China, the actions of employees can make C level executives at risk of prison, even if that executive is not the direct perpetrator. What if your staff are doing some special deals with the local government officials? Or, what if they are doing some bribery with private companies? What if they extend privileges to a private company, such as extended payment terms, in return for a new deal signing. 

Did you know that these could be considered as bribes and could put the executives in danger of prison?

You want to protect yourself and your family despite having high level responsibilities. AuditZOOM enables you to track everything that is going on in your company, and not only rely on totals in your reports. Be aware of what is going on in real-time, from the operational level-up.

Thank you for reading!

By Claire Worledge

Claire spent 10 years working for Deloitte, managing the data analytics team. In 2010, she created Aufinia. Aufinia has worked for 50 different companies that use SAP over the years. Today, a lot of their work is for MNCs using SAP who are based in Europe, APAC and the US. 

Claire is a Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE) and Certified ACL Data Analyst (ACDA). Aufinia is a global OEM partner with QLIK and also a Galvanize reseller partner for Vietnam and China. Claire has a Masters in IT from University College London, as well as a Bachelors in Biochemistry. 

Want to get instant access to a FREE eBook that outlines the 300 must-have data analytics? 

Click below to download our free eBook and we can guarantee it will help you become a recognised leader by starting the transformation of internal control and internal audit!
We were living in Shanghai for four years, and if you have lived in Shanghai, recently you have probably heard this story. A French bakery that all of us expats loved going to suddenly got closed down one day, the management put in prison and the owner fled to England. 

What happened? Well, one of their employees complained on a government website that the flour they were using was out of date by about a week or even longer. 

So, what’s that got to do with you? Well, did you know that in some countries, such as China, the actions of employees can make C level executives at risk of prison, even if that executive is not the direct perpetrator. What if your staff are doing some special deals with the local government officials? Or, what if they are doing some bribery with private companies? What if they extend privileges to a private company, such as extended payment terms, in return for a new deal signing. Did you know that these could be considered as bribes and could put the executives in danger of prison?

You want to protect yourself and your family despite having high level responsibilities. AuditZOOM enables you to track everything that is going on in your company, and not only rely on totals in your reports. Be aware of what is going on in real-time, from the operational level-up.

Want to get instant access to a FREE eBook that outlines the 300 must-have data analytics? 

Click below to download our free eBook and we can guarantee it will help you become a recognised leader by starting the transformation of internal control and internal audit!

Copyright © 2021 - Aufinia
For more support contact cjw@aufinia.com

Copyright © 2021 - Aufinia
For more support contact cjw@aufinia.com