Close to the financial closing of your company, a project manager deliberately overstates the profitability of her projects in order to enhance her performance bonus.
Companies must address accounting and records keeping in their anti-corruption programme, in the context of their particular risk exposure.
Additional, practical safeguards should be considered to mitigate the risk of financial accounting and records keeping being misused for corruption, including:
In addition, duties should be separated to ensure that no one employee has responsibility for more than one step in a transaction.
Inflated invoices: bribes paid by intermediaries masked as payments for unspecified services
[TI UK HTB, Page 24]
Bribery through an off-shore registered company
[TI UK HTB, Page 31]
Bribery using an off-shore bank account
[TI UK HTB, Page 32]
False invoicing: supply of less equipment
[GIACC, Example 16]
"How To Bribe – A Typology Of Bribe-Paying And How To Stop It”, Section 2.3
“The 2010 UK Bribery Act Adequate Procedures – Guidance on good practice procedures for corporate anti-bribery programmes”, Chapter 6.9
“An Anti-Corruption Ethics and Compliance Programme for Business: A Practical Guide”, Chapter G