Auditing Anti-Bribery and Anti-Corruption Programs

Auditing Anti-Bribery and Anti-Corruption Programs

Increasing globalization, legal complexities, and the potential for serious financial and reputational harm have made the risks of bribery and corruption, and audits of anti-bribery and anti-corruption programs, top corporate issues. Auditing anti-bribery and anti-corruption programs requires a team of auditors with collective skills, knowledge, and expertise in compliance, fraud, investigations, regulatory affairs, IT, finance, culture, and ethics.On the global front, the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act are examples of strict legal regulations, each with far-reaching international implications. And evolving anti-bribery and anticorruption legislation in China, Hong Kong, India, and other countries (see page 17) is further complicating the matter. Private and public sector organizations are increasing awareness of bribery and corruption exposures and fighting back through international accords, regional conventions, best practice guides, and information on perceptions and instances of bribery and corruption.