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More Nations Bringing Bribery And Corruption Enforcement Actions
Multi-national corporations and individuals doing business globally have reason to be more concerned and vigilant than ever about their business practices in foreign jurisdictions.For nearly 25 years, the U.S. enforcement of the Foreign Corrupt Practices Act (FCPA) was the primary, if not...
Read MoreThe Expanding Role Of Risk And Controls Management: Today's Internal Audit Adds Value And Enables Strategic Planning
Editor: I understand that the topic of Risk and Controls Management is one that is climbing toward the top of the corporate agenda. Why is this the case? Nolan: Quite simply, today's global organizations have to ask themselves some pretty serious questions, such as: how can we transform an...
Read MoreCompliance Programs' New Mantra: Value Preservation And Value Creation
Editor: Over the last few years, we have seen an increased emphasis and focus by companies on corporate governance, risk management, and compliance. What do you attribute this to? Girgenti: I believe that the corporate financial reporting frauds in the early 2000s were a wake-up call that...
Read MoreThe Evolution Of Risk And Controls
Editor: I understand that the topic of Risk and Controls Management is one which is climbing toward the top of the corporate agenda. Why is this the case? Nolan: Quite simply, today's global organizations have to ask themselves some pretty serious questions, such as: how can we transform an...
Read MoreMaking Sense Of The Subprime Debacle
Editor: The subprime and resulting credit-availability problems seem to be just the latest in a series of crises that have affected the capital markets. Can you draw any parallels between what is happening now and what happened during the financial statement problems at the start of this decade...
Read MoreWhy The Foreign Corrupt Practices Act Is High On Everyone's Radar Screen
Editor: Would each of you gentlemen give our readers background about your professional experience? Schwartz: I was a practicing lawyer for over twenty years in Houston, working first in law firms, then as in-house counsel and later as a prosecutor in the U.S. Attorney's Office. I probably have...
Read MoreLessons Of The Transaction Lookback
Recent years have seen a growing list of financial institutions undertaking voluntary or regulator-requested reviews of previously performed transactions to identify unusual or potentially suspicious activity. Generally, the exercise is undertaken because regulators have judged that an institution'...
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