Aufinia

#AUDITDATALEADERS

The beauty of it is that my wife is both supplier and customer, so we get the products cheap and it's all legal

 

So what, she sells to the company right?

 

Yeah, she sells us 10 million of electrical cable

 

Which we need right, so that’s normal

 

Yeah, and then her other entity, which is part of the same group, but with a different name, buys the cable back from us, but for 20 million.

Don’t they have margin controls on that?

 

 

Yeah, but we change the material number, so they can’t do the match.

 

Don’t they notice you have 10 million coming into stock and never leaving then?

 

Well it does leave because it gets converted to the other material number by a stock adjustment

 

Wow, awesome, that’s clever

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