Beyond the red flag
Findings from the Ernst & Young 10th global fraud survey
Despite the best efforts of the business and regulatory communities, the risk of bribery and corruption remains a real challenge. Global markets are driving compliance risks both directly (solicitation of bribes for contracts) and indirectly (mergers and acquisitions with risk baggage attached). Compounding the matter, this increased risk profile is flaring up in what is an increasingly aggressive regulatory atmosphere, both on a local and international level.
Stuck in this crucible of increasing competition and oversight, leading companies are looking to shift from corruption detection and response to a prevention and compliance focus. Through our survey results, you can find out where you stand with respect to your competition as we shine a light on the often murky world of corrupt practices as they exist today, identify where the challenges and opportunities lie, and illuminate the path to a consistent, thorough anti-fraud strategy.
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You are invited to join Ernst & Young LLP for a Thought Center Webcast that will discuss the results of, and some lessons learned from, our 10th global fraud survey results. Our distinguished panel will discuss:
- The challenges of identifying and curbing corrupt practices
- The state of global regulations and enforcement
- The serious business impacts resulting from corruption allegations
- Recent enforcement activity
- The role of internal audit in fulfilling new expectations
- Success breeds potential danger ? how mergers, JVs and acquisitions increase risk
- The challenge of identifying government officials
- When is corruption risk not a deal-breaker?