Global bribery and corruption fraud risks
3. How does this affect you
Internal Audit is best positioned to embed an analytics-enabled anti-bribery program into the organization's broader risk management strategy.
In many organizations, Internal Audit is becoming an essential advisor to senior executives and audit committees. The function is increasingly involved in strategic business decisions where a missed risk could hurt share price, market capitalization or earnings. This should include any anti-bribery and anti-corruption program the organization undertakes.
Traditional analytics used in financial accounting are not designed to effectively detect fraudulent schemes involving bribery and corruption.
Financial accounting analytics follow a "rules-based" mind-set that relies on the individual to ask questions of the data based on what is currently known. This approach often requires both time and luck to uncover potential anomalies in the data that may be indicators of corruption.
Internal Audit is best positioned to embed an analytics-enabled anti-bribery program into the organization's broader risk management strategy.
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- Steve Singer - Partner
Global Internal Audit Leader
+1 513 612 1856
- Daniel Torpey - Partner
Fraud Investigation & Dispute Services
+1 214 969 8373
- Vincent M. Walden - Partner
Fraud Investigation & Dispute Services
+1 214 754 3941
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