How Vigilant is Vigilant Enough?
Transactional data testing can multiply FCPA compliance efforts
Companies and their advisors often struggle with the magnitude and complexity of data systems when determining how to best test for compliance with anti-corruption laws or respond to regulatory inquiries.
As companies continue to seek business opportunities in emerging and risky markets, and as aggressive enforcement of global anti-corruption laws continues unabated, the need to develop effective and cost-efficient testing solutions takes on a greater urgency.
Read the Fraud Magazine article by Ed Rial, Deloitte Financial Advisory Services LLP principal and Foreign Corrupt Practices Act Consulting practice leader; Dan Krittman, Deloitte Financial Advisory Services LLP principal and Data Analytics leader; and Anthony DeSantis, Deloitte Financial Advisory Services LLP principal; about how companies can achieve this goal through structured and logical approaches to system assessment, data extraction and transaction testing using powerful and increasingly sophisticated technology tools to reduce time, cost and personnel requirements.