Collusion between financial manager and supplier

Alan Low Alan Low

Alan Low

发布日期: 2017年12月1日
+ 关注

"Advtech has uncovered fraud by a financial manager in its schools division, and it will have to reduce the revenue and operating profit it reported in its past three financial years.

"Criminal charges have been laid against the financial manager and the colluding external service provider. These charges are being vigorously pursued. The impact of this occurrence will be accounted for in the 2017 annual financial statements," Advtech said in a statement on Friday morning."

Have you got the proactive analysis systems in place to spot possible collusion? If not contact Pi on [email protected]


要查看或添加评论，请登录

Alan Low的更多文章

  • Data to Action
    2023年10月18日

    Data to Action

    One of the great ironies in today's business world is that the more sophisticated our business systems get, the harder…

    1 条评论
  • The Sustainability of Cross Functional Collaboration
    2020年11月3日

    The Sustainability of Cross Functional Collaboration

    An article in the Harvard Business Review (HBR, Nov-Dec2019), ‘Cracking the Code of Sustained Collaboration’ by…

    3 条评论
  • Why Procurement Strategies often fail to deliver the promised benefits
    2020年9月7日

    Why Procurement Strategies often fail to deliver the promised benefits

    Pi has been analyzing SA corporate spend data for over 12 years. Admirable initiatives such as strategic sourcing and…

    1 条评论
  • An alternative lifestyle
    2017年10月30日

    An alternative lifestyle

    For any of you out there in the corporate world, working hard and worrying about your future or your pension or wishing…

  • Travel Services - how to make real savings.
    2017年9月11日

    Travel Services - how to make real savings.

    Pi has recently released its 2017 domestic travel benchmark service, combining a unique, detailed benchmark as to how…

社区洞察

其他会员也浏览了