The Chief Financial Officer of your corporation has decided to retire after 25 years of tremendous economic success. As his protégé, it is now your time to take over the company's finances. In an effort to create a seamless transition, you perform an extensive review and audit of all of the corporation's records. During the audit, you find numerous transactions, spread over the last 10 years, funneling upwards of $90,000,000 to a particular subsidiary based in Venezuela. The subsidiary consists of only two associates working out of a small office. Upon a deeper analysis, you find that the corporation is receiving products from its suppliers at half the rate when compared to its competitors (far below what could be possibly considered a "good deal"), and it is only paying export taxes on a small portion of the products it ships outside of the country. What issues concern you, and what steps would you take to help protect the company from liability?

Answer rating: 100% (QA)

After analysis found that company is making good profit on product as it is receiving produ... View the full answer