First guide of the French Anti-Corruption Agency for the construction industry

“A strategic sector of the French economy, the construction sector generates approximately 203 billion euros in turnover achieved by nearly 420000 companies. These are among the most exposed to risks for many reasons which include, for example, the nature of their customers (many from the public sector), the diversity of their businesses, and the volume and unit duration of their contracts which make each of them of them a stake. In order to prevent and detect risks, it is now possible to quickly and efficiently deploy a centralized control system for accounting practices within a company or group, regardless of the heterogeneity of accounting applications or standards. . Errors, cash losses, atypical relationships with third parties, questionable transactions, corruption, circumvention of internal control systems, are most of the time detectable situations that could be limited or even deterred.” explains Jean-Marc Allouët, COO of GEObyBM&A.

“The exposure of the construction industry is above all linked to the nature of its customers (large public) and to the volume and unit duration of its contracts, which make each of them an issue.” adds Jean-Marc Allouët.

GEO is the digital audit solution incubated by BM&A. It has the ability to adapt to all contexts (accounting applications, countries, charts of accounts, volumes, subsidiaries). The tool analyzes, explores and visualizes accounting and financial data as well as flows to identify anomalies and atypicalities. It is then possible to carry out the investigations or financial analyzes deemed relevant.

To download the guide, click here