Forensic and Fraud Investigations PLLC

Corruption:

Corruption schemes includes kickbacks, conflicts of interest, bribes and money laundering. These schemes require someone both inside the organization and outside, usually a vendor.

Generally, these schemes manifest themselves in higher prices of goods and services for the organization. Having a right to audit clause in vendor contracts allows the company to review accounting records of the vendor to determine whether fraud has occurred or there are other contractual issues.

The use of data analytics is one of the best ways to detect potential corruption schemes and we can develop tests and other procedures which will help you in the detection and prevention of these schemes.