Recently GFC observes that fake invoice issues go down very much with the new VAT invoice system as well as ever-strict compliance measures, but cases for credit card cash out, inflated invoice, forged POS slip or itemized receipt and fake activities go up. GFC help clients make ad-hoc expense audit on those exceptional transactions generated by data analysis system as well as internal allegation.

Successful case: Cooperation with U.S. law firm

GFC cooperated with famous U.S. law firm, for those batch of expenses, by preliminary T&E review, we found 68% of those expenses were doubtful in reasonableness and truthfulness. Finally 35% of those cases triggered on-site merchant investigation and internal staff interview after GFC make merchant confirmation by telephone as well as GFC industry data comparison.