Bilateral Compliance Audit — Manufacturing Conglomerate

Challenge

A large Indian conglomerate with significant China operations faced increasing regulatory complexity across both jurisdictions — particularly around export controls, transfer pricing, and data handling. A previous internal audit had identified 6 potential gaps; the board suspected the true number was higher.

Solution

We conducted a comprehensive bilateral compliance audit across 4 business units, reviewing operations against current regulatory requirements in both India and China. Our China-side audit was conducted in Mandarin, directly with local management teams and regulatory interfaces, revealing issues that the internal team had not identified.

Results

18 compliance gaps were identified — 12 more than the internal audit had found. All 18 were remediated within the agreed 6-month programme. In the subsequent 2-year regulatory audit period, the client received zero enforcement actions across both jurisdictions for the first time in the group's history.