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Suspected Expense Fraud: Risks and Remediation from Tax and Forensic Perspectives

June 16 @ 2:30 pm - 4:30 pm

In association with

 

 

 

Dear Members and Friends of SwissCham,

 

According to PwC’s Global Economic Crime Survey, 60% of China-based respondents said that they had been affected by fraud, corruption or other economic crimes during the previous two years. This is much higher than the global average and other countries in the region.

Increasingly, fraud issues in China are being brought to light by external factors and parties, such as external whistle-blowers, police investigations, and tax authority inquiries. When a suspected fraud comes to light, especially when under an external authority’s scrutiny, what do companies need to do to establish the facts, take appropriate measures, and minimise impact?

SwissCham is delighted to invite you to join our seminar organizing with FBCS, German Chamber, and BenCham where PwC Tax and Forensic specialists will share their experience of real-world scenarios. For instance, a recent case involves local tax authorities initiating inquiries into a foreign company, in relation to suspicious fapiaos issued to company. The fapiaos were issued by shell companies and used by employees to claim business expenses. The company was required to gather information and respond to the authorities within a very tight timeframe.

The PwC specialists will share considerations in regards of dealing with tax authorities and conducting internal information gathering to assess fraud and compliance risks.

 

Best regards,

Your SwissCham Team

 

Speakers

Paul Tan

Partner, PwC Forensic Services at PwC

Based in Shanghai, Paul Tan has been helping clients to respond to and protect against fraud and corruption in China since 2004. He is a specialist in conducting forensic accounting, economic crime, and anti-bribery and anti-corruption (ABAC) engagements. In particular, he has performed a large number of compliance assessments and compliance consulting related projects, and has extensive experience in responding to whistle-blower allegations, regulator inquiries and other incidents. He has also helped a range of clients to enhance their compliance programs in China, and to conduct business ethics trainings.
Paul has worked with clients and their legal advisors across a wide range of industries. He has deep cross-cultural understandings of the Chinese and Western business environments, and is bilingual in English and Mandarin Chinese.
Paul holds degrees from the University of Cambridge and London School of Economics and is a fellow of the Association of Chartered Certified Accountants.

 

Bill Yuan

Partner, PwC Tax at PwC

Bill Yuan has extensive experience in corporate restructuring, M&A and market entry advice for foreign investors, including forming joint ventures. Bill has assisted a range of clients across different industries in tax health checks and buy-side tax due diligence. In recent years, Bill has also been actively engaged in providing transfer pricing advice to his clients and preparing for transfer pricing defence.
Bill obtained his Bachelors degree from the Shanghai University of Finance and Economy. He is a member of the Association of Certified Public Accountants and Association of Certified Tax Agents of the PRC.

 

Date & Time

Wednesday, Jun. 16, 2021 14:30 – 16:30

 

Price:
Free

 

Agenda

2:30 PM – 3:00 PM Registration
3:00 PM – 4:00 PM Presentations
4:00 PM – 4:30 PM Q & A

 

RSVP:
Please register by Jun.14, 2021

Cancellation of RSVP

In case you need to cancel your attendance to the event, please write an email to: events@sha.swisscham.org at least 48 hours prior to the event. Failure to cancel your RSVP timely will require the payment of a “no show bill” of the full amount stated in this invitation.  You can contact Nini Qi by telephone: 021 5368 1237. For third-party events, the event terms and conditions of the event organizer apply.
如果您要取消出席活动,请在活动开始前的48小时写邮给 events@sha.swisscham.org。如未能及时取消,我们视同默认付款. 若非瑞士商会主办的活动,取消规则请参照活动主办发布的条款。

Details

Date:
June 16
Time:
2:30 pm - 4:30 pm
Event Categories:
, ,

Venue

Shanghai Innovation Center
3/F, No.168 Hu Bin Road
Shanghai, China

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SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

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