- Standard Due Diligence Report The standard report, including the general compliance concerns of the enterprise: ● Enterprise basic information ① Business license ② Business qualification ③ Information of shareholders ④ Information of managers ⑤ Information of major branches ● Detail of issues found in Due Diligence ① Violation and punishment records of target company in past three years ② Violation and punishment records of shareholders in past three years

Based on profound understanding of client’s business model and use industry best practice as reference, GFC help clients review existing compliance policy and system, identify weak spots and provide rectification ideas accordingly.

Meeting On-site spot check Spot check sample is selected based on pre-set criteria, focusing on high risk, high amount, and short notice meeting. This measure helps make expenses transparent, reducing compliance risks by combined with post event expenses audit.

GFC make audit on T&E and the 3rd parties expenses on monthly basis, focusing on the completeness, timeliness and reasonableness for those underlying event. GFC make logic judgment on those expenses by data analysis through different directions based on GFC’s unique industry database.

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.

GFC has many experienced full-time investigators in more than 10 different cities such as Beijing, Shanghai, Guangzhou, Chongqing, etc. GFC represent client perform merchant on-site investigation, including inquiry with merchant cashier/ waiter on food category, food style, minimum consumption, payment information, and make mock consumption in order to get necessary evidence as well as certification for suspicious consumption by client’s employee.

For major compliance cases, GFC would collect evidence via documents review, communication with whistleblowers, on-site investigation and computer forensics to ascertain the truth.

GFC help client make interview for those staff subject to fraud investigation according to the internal procedures of clients based on the result of the expense audit.