Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
Assessment template - Foreign Subsidiary Fraud,Waste and Control Loss
1. Foreign Subsidiary
Assessment Template
Category 1 2 3 4 5 6 7 8 9 10
Professionalism FamilyMembers
NoTrainingor
background
Some OJT
Mix Experienced
andothers
Local Professional
Accredidation
Training
Some withBroader
training
Some Integration
withCorporate
Functional Group
Frequnet
Professional
integrationof
Professional
Functions
Rotationof
positionsbetween
Divisions
Degreed
Experienced
Professionals
Global Experience
Audit NoAudit
ReviewbySite
ManagementGM,
HR
Some reviewBy
LocalFinance
Annual Local Audit
Annual Local with
Outside review
Occassional Corp
Audit
Regularlarcorp
reviewof many
functional areas
Site Integratedinto
Corporate
Alwaysone site
Fnctional Leader
fromothersite
Integratedinto
Process
Process No
IrregularilySetand
reviewedLocally
nodocumentation
Informal
Undocumented
Minimal
Documentation
Manual Local
Complex
Documented
Manual more
streamlined
Includingstepwith
corp
Some automation
withlocal
transparency
Reportingon
processitself
Local connected
withcorpoarte
Single Corporate
withww
transparency
Policy NoPolicy Unwritten
Writtenbutno
control andsetby
Local GMlocal
Local writen
control andreview
by2Local Execs
Local witten
control andaudit
repotingtoCorp
Complex Local
control different
fromCorp
ocasional Corpo
site review
Site andCorpLink
witregularreviews
bycorporate
Corporate and
Local Linkedand
strightforwardSite
Personwith
Corporate
reporting
Equal Level GM
andPolicywith
separate reporting
Single Corpoarte
Patformandpolicy
withtransparency
of policyand
update
Bill Kohnen Reducing Potential Fraud, Waste and Control Loss