
Originally Posted by
SeaHawk
Hello Renee, this is very generous of you. I am glad you are in the holiday spirit.
I always wondered about the Rewards Group. You have like 20 or 40 casinos. But I was always hesitant to promote.
I used to work as an auditor and it is a standard procedure to document fraud risks.
So if I were to write a standard fraud memo regarding the Rewards Group I would most certainly note that there is a large fraud incentive for the group to cross promote without attributing the cross promotion back to the originating affiliate. I would classify this risk as a "high inherent risk".
After writing this memo, I would then discuss with your management the types of internal controls that are in place to prevent this from happening. Because, manager comes in and sees EBITA is only 20% for the quarter, he gives zero-fucks about affiliates so decides he needs to cross promote to get EBITA to 30% because his bonus or job depends on it.
So I would like to know, does your Company cross promote? If so, are affiliates "cut-in" on the cross promotion? If they are, then what types of internal controls does your Company have to ensure that affiliates are included in the cross promotion?
This is key information for anyone to join your program for the 60%.