Bribery and Corruption: Navigating the Global Risks

Bribery and Corruption: Navigating the Global Risks

by Jeffery Taylor, Richard A. Sibery, Brian P. Loughman
     
 

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International business expansion has brought with it countless new challenges, few as alarming as the exponential growth of bribery and corruption risks. As companies move into new and emerging markets, fraud follows right behind. In response, U.S. and foreign governments have been forced to devise their own means of counteracting threats to their businesses abroad

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Overview

International business expansion has brought with it countless new challenges, few as alarming as the exponential growth of bribery and corruption risks. As companies move into new and emerging markets, fraud follows right behind. In response, U.S. and foreign governments have been forced to devise their own means of counteracting threats to their businesses abroad. In Bribery and Corruption: Navigating the Global Risks, fraud experts Brian Loughman and Richard Sibery take an in-depth look at the problem, its implications, what anti-bribery and corruption conventions really do, and how to stay out of trouble.

Beginning with an introduction to anti-bribery and corruption legislation both in the United States and around the world, the book focuses on the Foreign Corrupt Practices Act (FCPA)—which explicitly prohibits U.S. companies and those directly involved with them from bribing foreign officials in order to obtain business opportunities—as well as other pieces of legislation limiting foreign bribery and corruption, such as the UK Bribery Act. Looking at compliance programs, risk assessment, anti-corruption due diligence, and considerations for fraud risk on a region-by-region basis, the book provides a comprehensive look at anti-bribery and corruption policies.

Presenting real-life examples of the challenges facing businesses abroad, as well as practical advice on how to respond, the book focuses on establishing an anti-corruption compliance program

and fostering a strong ethical environment through focused internal controls, training, and monitoring. It discusses how to respond to common corruption challenges, appropriately investigate issues, and mitigate corruption concerns.

Designed to help businesspeople understand relevant anti-bribery and corruption legislation, enforcement issues, and how to effectively manage the risks associated with doing business abroad, Bribery and Corruption explains how to stay out of trouble, identify threats, work with new regulations and practices, and keep bribery and corruption at bay.

This publication contains summary information for general guidance only. Neither Ernst & Young LLP nor any other member of the global Ernst & Young organization shall be responsible for any loss resulting from action or inaction based upon this material. On any specific matter, consult your professional advisors.

This publication contains summary information for general guidance only. Neither Ernst & Young LLP nor any other member of the global Ernst & Young organization shall be responsible for any loss resulting from action or inaction based upon this material. On any specific matter, consult your professional advisors.

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Product Details

ISBN-13:
9781118011362
Publisher:
Wiley
Publication date:
12/06/2011
Series:
Wiley Corporate F&A Series, #568
Pages:
432
Product dimensions:
6.38(w) x 8.92(h) x 1.46(d)

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