Flipkart employs KPMG for sellers corruption risks audit

Friday 10 May 2019 00:26 CET | News

India-based ecommerce company Flipkart has reportedly hired KPMG to check its sellers’ compliance with Walmart’s global anti-corruption policy.

According to an ET report, the Walmart-owned company is giving out detailed forms to some of its sellers, as well as seeking consent for its auditors to review accounts of wholesale suppliers and large sellers operating on its marketplace.

Flipkart’s terms and conditions for sellers suggest that the audits will be done annually to ensure the organisation’s compliance to the existing policies. Moreover, Flipkart’s screening procedure is said to mirror Walmart’s global practice.

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Keywords: Flipkart, KPMG, audit, sellers, corruption, risks, India, auditors, suppliers, marketplace, conditions, compliance, regulations, policies, laws, screening procedure, anticorruption, fraud
Countries: World