Today’s businesses ignore the impact of corruption at their peril. No matter what the country, industry, or organization, global reach brings global risk. Almost every organization is exposed, but risks are greater for some geographies and industries than for others. Each region, government, and project brings its own complexities, variables, and opportunities for corruption. Compromised product quality and higher prices are not the only consequences.
Corruption impedes economic growth, stifles market competition, and diminishes trust. It also can block improvements to living standards and discourage foreign direct investment. Despite the widespread assumption that bribery and corruption are unavoidable in some markets, governments are cracking down. The implications for organizations and their executives are critically important; they must intensify their focus on reining in corruption.
During this webinar, the authors of the soon to be released Practice Guide titled Auditing Anti-bribery and Anti-corruption Programs will explore:
- Global legislative landscapes and the need for more rigorous codes of practice and more effective legislation.
- Bribery and corruption risks and controls.
- Internal auditing’s role in the anti-corruption discussion.
- How internal audit can coordinate with other compliance functions.
- Challenges facing internal auditors when reporting malfeasance.
Course Duration: 1 hour
CPE Hours Available: 1
Knowledge Level: Intermediate
Field of Study: Auditing
Advance Preparation: None
Delivery Format: Internet Group Live
Douglas J. Anderson, CIA, CRMA
IIA Professional Issues Committee Chairman
Assistant Professor of Accounting
Saginaw Valley State University
Princy Jain, CIA, CCSA, CRMA