Curbing Global Corruption Risks
Advancing beyond Sarbanes-Oxley and operational audits
The heightened regulatory scrutiny and enforcement of the U.S. Foreign Corrupt Practices Act (FCPA) and other country-specific anti-corruption statutes are increasingly rendering global automotive manufacturers vulnerable to significant compliance and reputation risks. Although the generic risks of doing business in emerging and growth markets are fairly well understood, the challenge many companies face is understanding the specific risks of a country and the local business operations and confirming that the internal controls and business processes in place are sufficient to address them.
Download this article for a perspective for reducing risk and improving global compliance and transparency through the application of anti-corruption-specific internal controls.