Fraud risks resulting in damages such as misappropriation of assets or bribery and leakage of personal information or intellectual property maintained by companies, companies need to develop processes to prevent these incidents from occurring. In addition, companies need to team up with professionals with different areas of expertise.
Companies may also need to conduct royalty audits to examine certain information according to the agreements entered into with the counterparty such as license agreements or operations of a joint venture/subsidiary. Conducting these royalty audits may mitigate conflicts with the counterparty in a timely manner.
BDO Sanyu & Co. provides services to mitigate issue or conflicts before they arise and minimize damages.