As businesses continue to expand globally into new and emerging markets, bribery and corruption risks have increased exponentially.and 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,
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 withand , it is easier than ever to understand the challenges that exist and how to deal with them.
Table of Contents
Chapter 1. Introduction
Chapter 2. Overview of FCPA
Chapter 3. The U.K. Bribery Act and International Bribery and Corruption Initiatives
Chapter 4. Compliance Programs
Chapter 5. Policies and Procedures
Chapter 6. Risk Assessments
Chapter 7. Monitoring
Chapter 8. Anti-Corruption Due Diligence
Chapter 9. Investigations
Chapter 10. Regional Considerations for Bribery and Corruption Risks
Chapter 11. Industry Considerations for Bribery and Corruption Risks
Hardcover: 432 pages
Publisher: Wiley (November 2011)