CE-107 FIGHTING CORRUPTION IN A GLOBAL MARKETPLACE

CE-107 FIGHTING CORRUPTION IN A GLOBAL MARKETPLACE

DESCRIPTION

Bribery and corruption risks for organizations continue to rise as today’s marketplace becomes more global. Companies must be aware, and prepared, for the risks that operating in countries, cultures, or areas far from their home market will present. Bribery and corruption are standard practice in some regions and learning to anticipate and identify the red flags for corruption is critical to an organization’s success. Organizations can defend against corruption by understanding and identifying potential threats and having effective action plans to deal with those threats. Continuous evaluation and monitoring of an organization’s anti-corruption and bribery compliance program is necessary to ensure effectiveness against an ever-changing landscape of threats.

 

This course will examine the current global corruption environment and today’s best practices in anti-bribery and corruption programs and deliver useable methodologies for identifying and detecting corruption risks and occurrences. Real-life case studies, examples and participant exercises will be used.

LEARNING OBJECTIVES:

  • Understanding corruption
  • Assessing corruption risk in your organization
  • Common corruption schemes, scenarios, and red flags
  • Global anti-corruption legislation and organizations
  • Elements of an effective anti-corruption program
  • Audit practices and methodologies

 

Course Outline

Today’s Global Corruption Outlook

  • Understanding corruption—who, why, and how
  • U.S. Foreign Corrupt Practices Act (FCPA)
  • UK Bribery Act
  • Challenges of emerging markets
  • Current global corruption index and barometer
  • Global responses – United Nations | International Legislation | Transparency International
  • Cost of corruption

Defining Corruption

  • Common schemes, scenarios, and red flags
  • Purchasing
  • Government contracts/contacts
  • Money laundering
  • Bribery

Assessing Corruption Risk

  • Assessing corruption risk in your organization
  • Identifying risk areas and red flags
  • Corruption (fraud) Assessment Model
  • Mergers and Acquisitions—due diligence
  • Elements of an effective anti-corruption and compliance program
  • Policies/controls/training/monitoring/response
  • Best practices and case studies

Frameworks and Guidance

  • IIA | ACFE | AICPA | SCCE | COSO
  • Corruption considerations for audit planning
  • Incorporating into overall risk assessment for organization
  • Corruption versus Occupational Fraud

Detection and Monitoring Methods

  • Tone at the Top
  • Risk assessments | Control activities | Monitoring
  • Using data analytics to identify corruption
  • Involving the business
  • Response | Investigation | Remediation
Duration

CPE

Delivery

Field

Level

Who Should Attend

 

 

 

Prerequisites

Advanced Preparation

2 Days

16

Group-Live

Auditing

Intermediate

Compliance Staff and Managers, Internal Audit Staff and Management; Fraud Investigators and Managers; Financial; Operational, Internal, IT, and External Auditors; Audit Managers; Risk and Compliance Managers and Officers; Information Security Professionals

Professionals with at least 2 years of experience

None