Fraud, Waste, and Abuse in the Supply Chain

current political environment around tariffs reputational damage

What Should Risk and Finance Teams Do to Mitigate Fraud Risk?

1. Perform ongoing due diligence and thorough analyses of vendor risk research Deloitte published last year 2. Understand each vendor's business inside and out 3. Scrutinize the terms of vendor agreements 4. Analyze invoices prior to payment in our 2017 research 5. Institute data mining and analytics processes Deloitte research 6. Monitor your employees monitoring employees for instances of fraud 2015 Deloitte poll of finance and accounting professionals  

What Comes Next?

Deloitte's research
Mark Pearson is a Deloitte Risk and Financial Advisory  principal in the forensic practice of Deloitte Financial Advisory Services LLP. He focuses on forensic investigation issues, including helping clients identify and mitigate supply chain fraud, waste, or abuse. Pearson has more than 15 years of experience conducting and managing a variety of fraud, forensic accounting, and other dispute-related engagements.   Larry Kivett is a Deloitte Risk and Financial Advisory partner in the forensic practice of Deloitte Financial Advisory Services LLP. He focuses on providing forensic investigation, forensic accounting, supply chain forensic, and anti-fraud/anti-corruption related services to U.S. and international companies. Kivett has more than 21 years of experience, including leading investigations of issues involving accounting improprieties, employee defalcations, vendor kickbacks, and FCPA-related issues.   Pearson and Kivett co-lead Deloitte's supply chain forensic offering.

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