Confronting Vendor Kickback Fraud in Emerging Markets


Large companies, especially U.S. based and global, are struggling to prevent, identify and resolve massive kickbacks to managers in growth markets. These schemes happen because auditors have little understanding of these schemes; procurement and accounting are not integrated into the company system; corruption is common in the operating country; and due diligence and site visits are lacking. 

Dave Nolan, Vice President of Klink & Co., Inc., presented the course Confronting Vendor Kickback Fraud in Emerging Markets to the Association of Certified Fraud Examiners - Central Pennsylvania Chapter on Thursday, February 16, 2017.

Attendees learned about comprehensive due diligence; procurement and accounting system integration; market risk assessment; and management and independent procurement oversight with rights to audit vendors.


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