From at least 2009 to 2013, certain employees and agents of Novartis subsidiaries conducting business in China engaged in transactions and provided things of value to foreign officials, principally healthcare professionals ("HCPs"). These payments took varied forms and were intended to influence the HCPs and thereby increase sales of Novartis pharmaceutical products. Employees and managers in the involved subsidiaries attempted to conceal the true nature of the transactions through the use of complicit third parties and by improperly recording the relevant transactions on the books and records of the respective subsidiaries, which were consolidated in the financial reports of Novartis. Examples include improperly recording the payments as legitimate expenses for travel and entertainment, conferences, lecture fees, marketing events, educational seminars, and medical studies.
Area of Violations :- Travel and Entertainment Expenses,
Accounts Payable

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12 Points each of Detailed description of analytics, Objective of Analytics, Definition Exception of Analytics, Data sets required for analytics, required data attributes,

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Audit data analytics methods can be used in audit planning and in procedures to identify and assess risk by analyzing data to identify patterns correlations and fluctuations from models For example co... View the full answer