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一个财务经理的“贪腐教科书”
Hu Xiu· 2025-06-22 23:28
Core Points - The article discusses the corruption and misconduct of a financial manager in a company, highlighting the various ways he exploited his position for personal gain [1][7][87] - It emphasizes the lack of internal controls and oversight within the company, which allowed the financial manager to operate with impunity for an extended period [90][91] Group 1: Financial Misconduct - The financial manager was involved in various corrupt practices, including falsifying procurement costs and manipulating project margins to inflate profits [17][26][30] - He engaged in a scheme where he altered customer requirements to increase reported costs, thereby creating a discrepancy between actual and reported expenses [27][32] - The manager also misappropriated company funds by failing to return bid deposits, which he kept in his personal account for years [66][68] Group 2: Procurement and Inventory Issues - The company lacked a proper inventory management system, making it difficult to track the actual goods procured and delivered to clients [48][52] - The financial manager took advantage of this by reporting inflated costs for goods that were either not delivered or were of lower quality than reported [39][54] - The procurement process was poorly documented, allowing for significant manipulation without detection [41][90] Group 3: Internal Control Failures - The article highlights that despite having formal management systems in place, the company's internal controls were ineffective, leading to significant blind spots [90][91] - The financial manager's dual role in multiple functions contributed to the lack of accountability and oversight, which is a common issue in many organizations [91][92] - The overall management structure allowed for a culture of corruption to flourish, as the financial manager was able to operate without scrutiny [88][89]
零售业40%损耗来自“家贼”?家贼不妨,企业必亡
3 6 Ke· 2025-06-12 04:46
Core Insights - The retail industry is facing a significant issue with employee theft, which has been exacerbated by internal trust breakdowns and systemic vulnerabilities [1][17][20] - Employee theft is not only a financial burden but also a reflection of deeper issues within corporate culture and employee satisfaction [17][20] Industry Overview - The average gross profit margin for convenience stores in China is 20.1%, but the loss rate has exceeded 1.8% for three consecutive years, with over 40% of losses attributed to employee theft [1] - A case study from Inner Mongolia highlights a supermarket that lost 2 million yuan due to a coordinated theft by 16 employees, showcasing the severity of the issue [2][4] Case Studies - A chain supermarket's loss of high-end liquor through an employee's two-year theft scheme resulted in 1.27 million yuan in stolen goods, indicating the scale of organized theft [5] - An employee at an e-commerce company exploited a system vulnerability to steal 73 iPhones valued at 480,000 yuan, demonstrating the evolving nature of theft in the digital age [7] - A recent incident at a Sam's Club involved a former employee fraudulently claiming 5.5 million yuan worth of goods, highlighting the risks associated with inadequate internal controls [8] Employee Motivation - The motivations behind employee theft often stem from personal financial struggles, as illustrated by a case where a long-term employee stole goods to pay for a family member's medical expenses [10] - Companies that fail to address employee dissatisfaction and financial needs may inadvertently encourage theft as a form of retaliation [20] Solutions and Preventive Measures - Retailers are beginning to implement advanced security measures, such as AI monitoring systems, which have reportedly reduced internal theft by 62% [17] - Some companies are adopting profit-sharing models and improving employee compensation to foster a sense of ownership and reduce theft rates [17] - Psychological support programs and financial assistance for employees in need are being introduced to mitigate the risk of theft driven by desperation [17][20]
派林生物内控缺陷两任董事长被警示 一季度营收净利双降股价跌超50%
Chang Jiang Shang Bao· 2025-05-13 23:12
Core Viewpoint - The internal control issues of the blood product company, Pailin Biological, have been exposed, leading to regulatory warnings for its two former chairpersons and general managers [1][3]. Summary by Relevant Sections Internal Control Issues - Pailin Biological has been found to have multiple internal control deficiencies and inadequate management of insider information, resulting in regulatory actions [2][3]. - The company has been ordered to rectify these issues and improve its internal control systems by June 8, 2024 [3][4]. Financial Performance - From 2018 to 2024, Pailin Biological's net profit attributable to shareholders grew over eightfold [2]. - In Q1 2024, the company experienced a rare decline in both revenue and net profit, with revenues and net profits of 375 million and 89 million respectively, marking year-on-year decreases of 14% and 26.95% [9]. - The decline was attributed to production capacity not meeting operational needs, as two wholly-owned subsidiaries are undergoing expansion [2][9]. Management Changes - In 2023, Pailin Biological underwent significant management changes, with a power struggle leading to the appointment of Fu Shaolan as co-chairperson [2][5]. - Fu Shaolan's salary in 2024 was reported at 3.7723 million, an increase of 721,300 from 2023, making her the highest-paid among the board members [2]. Production Capacity Expansion - The company is currently expanding its production capacity, with the second phase of expansion at its subsidiary, Paisifiko, expected to increase annual capacity to 1,600 tons [9]. - The total annual production capacity is projected to exceed 3,000 tons after the completion of expansions, which is anticipated to positively impact future financial performance [9]. Market Performance - Pailin Biological's stock price has seen a significant decline, dropping over 50% from a peak of 49.82 yuan per share in August 2020 to 21.82 yuan per share as of May 13, 2024 [9].