Book description
As businesses continue to expand globally into new and emerging
markets, bribery and corruption risks have increased exponentially.
Bribery and Corruption
offers a comprehensive look at this growing problem, and at the Foreign
Corrupt Practices Act (FCPA) and other international anti-bribery and
corruption conventions. Presenting hypothetical examples of situations
companies will face, along with practical solutions, the book offers
detailed global guidance on a region and country-specific basis.
The
FCPA prohibits US companies and their subsidiaries from bribing
foreign officials, either directly or indirectly through
intermediaries, for the purpose of obtaining or retaining business. It
also requires companies to keep accurate records of all business
transactions and maintain an effective system of internal accounting
controls. Internationally, the Organization of Economic Cooperation
and Development's (OECD's) anti-bribery convention has been adopted by
38 countries and creates legally binding standards related to bribery
of foreign public officials.
Written by renowned accounting fraud experts Richard A. Sibery and
Brian P. Loughman, and providing an introduction and overview of the
Foreign Corrupt Practices Act (FCPA) and international bribery laws,
Bribery and Corruption considers:
- How to conduct FCPA risk assessments and investigations
- How to consider FCPA specific financial controls
- How to implement an FCPA compliance program and how to measure
FCPA compliance
The risk of bribery and corruption continues to be an area of concern
for companies around the world, but armed with Bribery and
Corruption, it is easier than ever to understand the challenges
that exist and how to deal with them.
Brian P. Loughman is a Partner at Ernst &
Young LLPand the Americas Leader of the Fraud Investi-gation &
Dispute Services Practice. He has extensive experience investigating
and remediating bribery and corruption issues for multi-national
clients. He frequently presents his findings to the Securities and
Exchange Commission and the Department of Justice.
Richard A. Sibery is a Partner at Ernst & Young LLPand
leads the Fraud & Investigations group within its Fraud
Investigation & Dispute Services Practice. He has extensive
experience leading complex international investigations for large
public companies. His experience in assisting clients with bribery and
corruption issues spans six continents and includes a wide range of
industries.
