Fraud Investigation & Dispute Services

Our insights

  • Share
Topic Title Summary Date
Cybersecurity in eDiscovery Legal, Compliance and Technology Executive Series The use of outside eDiscovery vendors to manage the eDiscovery process has become commonplace in today’s evolving business landscape. That is just one of many cybersecurity challenges that increasingly affect today’s eDiscovery efforts. There are also many perils within an organization’s own eDiscovery process that need to be managed before potential disaster strikes. The document covers the Litigating in the age of attacks, Cybersecurity at the Rule 26(f) pretrial conference & several other topics. 2009 September 2017
Significant Changes in Anti-Bribery laws in Mexico and Columbia Significant Changes in Anti-Bribery laws in Mexico and Columbia The issue focuses on the companies with global operations, the Foreign Corrupt Practices Act (FCPA) is no longer the only anticorruption law of significance. Mexico and Colombia recently enacted sweeping anti-corruption legislation aimed at ferreting out corruption at all levels of government. Both Mexico and Colombia have faced their fair share of political scandals, so these new comprehensive initiatives are illustrative of the countries’ commitment to tackle corruption, rebuild the public’s trust in government, and reform the way business is conducted going forward. 1809 September 2017
Government Contract Services Department of Defense safeguarding cybersecurity requirements The EY Government Contract Services (GCS) group is uniquely qualified to assist contractors in evaluating the security framework surrounding their information systems and benchmarking against the new rule requirements. The newsletter provides insights on how our professionals draw a deep understanding of IT controls testing and analysis, audit principles and U.S. Government regulatory compliance. This combination of experience and knowledge makes EY GCS the premier service provider for contractors operating in the rapidly changing federal marketplace. 1109 September 2017
Averting a second disaster: avoiding grant deobligation Averting a second disaster: avoiding grant deobligation This booklet has been issued to help entities prepare for and execute successful financial recovery in the event of a disaster. It has been drawn by EY experience & the collective knowledge of FEMA and Department of Homeland Security officials including individuals from the Office of the Inspector General who have audited and investigated federal disaster grants. 1907 August 2017
Forensic Technology and Discovery Services EY Contract Analytics for lease accounting compliance This issue focuses on achieving time and cost savings through technology innovation. It focuses on new accounting standards ASU and FASB (w.e.f. – 1st January 2019) .The new ASU will require recognition of both capital and operating leases. FASB is requiring lessees and lessors to apply a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest period presented in the financial statements. Significant effort could be required to bring outstanding leases onto the balance sheet. Organizations will need to inventory and categorize existing contracts, extract lease data from each record, and load the data into a structured database. Given the potentially high volume of contracts and wide variety of forms, types and content, a full manual process is infeasible for many organizations. 1707July 2017
Government Contract Services Eye on disaster recovery This issue focuses on FEMA Public Assistance for colleges and universities. The featured article entitled “FEMA Public Assistance for institutions of higher education: the 10 greatest myths&rd dispels some of the commonly held beliefs about the FEMA Public Assistance Program as it pertains to colleges and universities. It also helps clarify some of FEMA’s key eligibility guidelines and policies to help institutions better assess and plan for potential coverage by both FEMA and insurance. 1706June 2017
Government Contract Services Recent DoD actions increase scrutiny of IR&D costs The Defense Federal Acquisition Regulation Supplement (DFARS) 231.205-18 identifies Independent Research & Development (IR&D) as an allowable expense provided that the IR&D costs are allocable to a contractor’s cost objectives and that the efforts are of potential interest to the Department of Defense (DoD). However, recent regulatory actions have increased the administrative hurdles contractors must jump over for their IR&D costs to be allowable. 1704April 2017
Financial Services Industry Is basic AML training really enough for Title 31 compliance? AML training programs implemented in casinos today focus on back-of-the-house and compliance efforts, often highlighting the importance of regulatory filings such as Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). While it is important for casino personnel to understand compliance functions, front-of-the-house employees gain the most value by understanding how money laundering schemes can occur and why AML controls are important to their job responsibilities. 1704April 2017
Forensic Technology & Discovery Services People, process and technology: Discovering the intelligent connection The diversity and dispersion of electronically stored information (ESI) within a universally challenging legal and regulatory environment are fueling the appeal of end-to-end discovery in order for companies to manage risks and reduce costs from working with multiple service providers. From pre-litigation information management to post-matter data disposition, our team’s qualifications, experience and size enable us to serve as a single-source provider for our clients. 1704April 2017
Forensic Technology & Discovery Services EY Discovery Advisory Services The costs and risks associated with disputes, investigations and compliance reviews are increasing by the day. Information requests from courts and regulators are usually broad yet with tight deadlines. Potential sanctions for noncompliance intensify the need to respond effectively. Proactive litigants, particularly those in highly regulated industries, address inherent inefficiencies in their processes in order to implement and benefit from repeatable, cost-effective and consistent discovery protocols to respond in a timely fashion. 1704April 2017
Forensic Technology & Discovery Services EY Managed Document Review Services Many businesses today serve a global marketplace that is increasingly challenging due to a complex legal and regulatory environment. The demand for global availability of review services has been driven beyond cost savings to quality control, speed and cross-border coordination. The EY Managed Document Review (EY MDR) team is equipped with the resources and technologies needed to meet evolving litigation and compliance needs on quality, privacy, security and cost efficiency, all at the same time. 1704April 2017
Forensic Technology & Discovery Services EY Discovery Data Services Disputes, investigations and regulatory reviews typically require timely collection from a wide range of sources. Given the diverse forms of electronically stored information, modern discovery relies on a creative combination of classic search and advanced analytics to effectively mine relevant material. EY Discovery Data Services works with each stage of the litigation life cycle, across platforms and data types. Our team is equipped with the right technology and knowledge to provide rapid, justifiable and proportional response to litigation and regulatory document requests with cost efficiency and quality delivery. 1704April 2017
Forensic Technology & Discovery Services The evolving document review challenges and use cases Document review consumes 73% of corporate litigation budgets.1 Total review costs will likely climb higher because an array of investigative, compliance, data protection, privacy and internal control issues are driving up the need for document review, beyond litigation. Inexorably, corporate law departments are adopting new and more efficient first-pass document review approaches that combine people, workflow and technology. This paper explores some of these leading practices and also important considerations for document review in cases that are beyond litigation, such as compliance due diligence, cybersecurity remediation and contract review. 1704April 2017
Fraud and Investigations The importance of remediation in Foreign Corrupt Practices Act (FCPA) cases One of the recent trends in FCPA enforcement is the heightened focus and scrutiny by the US Government on corporate remediation. Remediation demonstrates corporate acceptance of responsibility for misconduct and is a critical factor in the Department of Justice’s (DOJ) and the Securities and Exchange Commission’s (SEC) decision-making in corporate FCPA resolutions. 1703March 2017
Integrity Diligence Are your business partners real or a Trojan Horse? The recent media attention surrounding the use of shell companies in international fraud, corruption and money-laundering scandals has spawned global interest in the use of foreign jurisdictions for corporate transactions. The risks a company faces from the illicit use of shell companies are many. 1701January 2017
Forensic Technology and Dispute Services Search 2.0: go ahead and use key terms to cull, with caveats In the years since Da Silva Moore formally recognized predictive coding as a viable alternative to manual review, nine federal circuits, the US Tax Court and a number of state courts have supported the use of technology to expedite electronic discovery. As the case law grows, there is a developing trend toward adding predictive coding with classical Boolean search practices to mitigate costs without sacrificing statistical confidence or possibly even the accuracy of results. 1701January 2017
Government Contract Services Detection and avoidance of counterfeit electronic parts On August 2016, the Department of Defense (DoD) finalized an amendment to Defense Federal Acquisition Regulation Supplement (DFARS) 252.246-7008, Sources of Electronic Parts (Federal Register Vol. 81, No. 148, dated August 2, 2016). This amendment to the DFARS is aimed at eliminating the influx of counterfeit electronic parts into the DoD supply chain. DoD contractors and subcontractors are now required to acquire electronic components and assemblies from trusted manufacturers or “authorized aftermarket manufacturers.” 1612December 2016
Government Contract Services Final DFARS rule - Network Penetration Reporting and Contracting for Cloud Services As an update to our recently issued Cyber Client Alert, the Department of Defense (DoD) issued as final Defense Federal Acquisition Regulation Supplement (DFARS): Network Penetration Reporting and Contracting for Cloud Services (DFARS Case 2013-D018) effective October 21, 2016. 1610October 2016
Insurance and Federal Claim Services Eye on disaster recovery - Insights on disaster recovery through insurance and federal grants – Issue #3 The last issue of Eye on disaster recovery addressed the importance of incorporating financial preparedness and recovery into an organization’s overall disaster recovery plan. It addressed activities crucial to maintaining financial stability following a catastrophic disaster such as generation of revenue, mitigation of expenses and recovery of funds from insurance and other sources.

This issue of Eye on disaster recovery expands upon that theme by focusing on financial preparedness for organizations that qualify for FEMA Public Assistance grants, including state and local governmental entities, private nonprofits and Native American tribes. We have also included a basic financial preparedness checklist that applies to all organizations.
1610October 2016
Corporate Compliance Effective Implementation of COSO’s new anti-fraud guidance In this white paper, Ernst & Young LLP (EY or we) summarize the Anti-fraud Guide and its relationship to COSO’s Internal Control — Integrated Framework. We describe COSO’s definition of fraud, principles of fraud risk assessment and fraud risk management. We also provide practical guidance for implementation of the Anti-fraud Guide. 1609September 2016
Forensic technology and discovery services Managing insider threat: A holistic approach to dealing with risk from within An effective insider threat program not only protects digital assets, it also reduces security risk to physical assets such as industrial control systems and critical infrastructures. The starting point for improving insider threat security is to determine the organizational readiness and create a plan that enables the organization’s insider threat program to evolve with its shifting risk priorities and grow to the level of relevant maturity.  1607July 2016
Government Contract Services General Services Administration Transactional Data Reporting rule The General Services Administration (GSA) issued the final Transactional Data Reporting rule (TDR) requiring participating vendors to report transactional data related to covered contracts. The rule aligns with GSA’s long-term objective to adopt a market-driven pricing model rather than a vendor’s most favored pricing. 1607July 2016
Life Sciences Managing bribery and corruption risk in the life sciences industry Managing bribery and corruption risk in the life sciences industry What are the characteristics and pressure points of life sciences companies that seem to increase the risk of corruption? 1607July 2016
Government Contract Services Federal Supply Schedule TAA compliance enforcement On May 5, 2016, GSA regional offices in Fort Worth, TX, and Kansas City, MO, alerted schedule holders by letter that they had one week to “review their total offering of products” and provide evidence of compliance with TAA requirements. The notice requires contractors to submit the Country of Origin (COO) for all products on their schedule along with a Certificate of Origin for all products made in the US or TAA-designated countries. 1606June 2016
Fraud and Investigations Managing bribery and corruption risks in the oil and gas industry Managing bribery and corruption risks in the oil and gas industry The global nature and scale of the oil and gas sector makes compliance with anti-bribery and anti-corruption regulation something that requires significant management focus. 1601June 2016
Fraud and Investigations Managing risk for the global organization Managing risk for the global organization Our skilled professionals are adept at evaluating the evidence and calculating damages or lost profits due to bankruptcy, transaction and contract disputes, and business interruption. 1606June 2016
Government Contract Services DCAA Reorganization Announced In May, the Defense Contract Audit Agency (DCAA) formally announced an internal restructuring that has been underway since January of this year, with the intent of improving efficiencies, communication, collaboration and customer service throughout the agency. 1605May 2016
Financial Services Industry Financial crimes investigations Financial institutions are facing a wave of regulatory scrutiny. This trend is not showing any sign of slowing down. In fact, recent government inquires have uncovered money laundering and sanctions violations at several major financial institutions. 1704April 2016
Insurance and Federal Claims Services Eye on disaster recovery: Insights on disaster recovery through insurance and federal grants The United States, along with many other countries around the globe, experienced a proliferation of catastrophic events last year. This issue of Eye on disaster recovery addresses financial preparedness and recovery. While most organizations now have disaster recovery plans in place, these tend to focus largely on life safety and physical recovery. Financial preparedness and recovery planning extends disaster recovery planning into areas crucial to sustaining financial stability and recovery following a catastrophic loss, including generation of revenue, cost mitigation, insurance coverage and federal disaster grants. 1602February 2016
Government Contract Services Executive Order Establishing Paid Sick LeaveExecutive Order Establishing Paid Sick Leave Start planning now for the new requirements that will be in effect in 2017. Government contractors will need to determine which of their contracts, “contract-like instruments” and solicitations (collectively referred to as “contracts”) will be subject to these rules and whether to provide paid sick leave as required to all employees or only to those who work on affected contracts. Either approach may require updates to systems, benefits policies or programs before being implemented. 1512December 2015
Corporate Compliance Business integrity and corporate complianceBusiness integrity and corporate compliance Our Business Integrity and Corporate Compliance services help organizations improve the effectiveness and sustainability of their integrity and compliance program. We support you in assessment and strategic compliance projects as well as full range compliance program advisory campaigns. 1509September 2015
Corporate Compliance Spotlight on the CCOSpotlight on the CCO How Millennials are going to pave the way to improve Corporate Compliance 1509September 2015
Corporate Compliance Spotlight on the CCOSpotlight on the CCO Employees’ loyalty — performance or risk driver? 1509September 2015
Government Contract Services Highlights from the Defense Contract Audit Agency’s 2014 annual report to CongressHighlights from the Defense Contract Audit Agency’s 2014 annual report to Congress In May 2015, the Defense Contract Audit Agency (DCAA) publicly released its FY 2014 Annual Report to Congress, dated March 25, 2015. The report provides information and data on its performance trends, audit priorities and legislative initiatives. 1507July 2015
Government Contract Services Significant ASBCA decision regarding CAS cost accounting practice changes cost impactsSignificant ASBCA decision regarding CAS cost accounting practice changes cost impacts The Armed Services Board of Contract Appeals (ASBCA) recently issued some far-reaching decisions affecting the computation of Cost Accounting Standards (CAS) cost impacts for voluntary changes in government contractors’ cost accounting practices. 1507July 2015
Government Contract Services New FAR Human TraffickingNew FAR Human Trafficking Regulations strengthening protections against trafficking and the impact on contractors. What recent changes mean for you. 1506June 2015
Insurance & Federal Claims Services Mining big data to mitigate corruption risk: Global Forensic Data Analytics Survey 2014Eye on Disaster Recovery, Issue 01 Issue 01 features articles on Matching Cyber Risk with Your Insurance Policy and Federal Emergency Management Agency (FEMA) Public Assistance — An Overview of the Sandy Recovery Improvement Act of 2013. 1504April 2015
Government Contract Services Mining big data to mitigate corruption risk: Global Forensic Data Analytics Survey 2014 Information governance for the real world Organizations should have an effective information governance strategy that aligns with their overall risk management strategy. We explore these strategies in our report. 1504April 2015
Government Contract Services Mining big data to mitigate corruption risk: Global Forensic Data Analytics Survey 2014Breaches do happen. Are you ready? Besides an information security plan, every organization should have a strong cyber breach response plan. This illustration can help you implement. 1504April 2015
Insurance & Federal Claims Services Disaster Recovery Services Disaster Recovery Services Our extensive knowledge and understanding of how to provide oversight to complex recovery processes gives you an advantage in successfully maintaining and implementing your disaster recovery program. 1405May 2014
Insurance & Federal Claims Services Insurance claims services Insurance claims services The losses resulting from an insured incident may impact your business in ways that do not become apparent until well after the loss. 1404April 2014
Government Contract Services Safeguarding unclassified controlled technical information Safeguarding unclassified controlled technical information To be compliant, contractors must establish reporting and accountability requirements and flow UCTI requirements to subcontractors. 1402February 2014
Forensic Technology & Discovery Services Cybercrime: an evolving risk to businesses Cybercrime: an evolving risk to businesses To manage risks, businesses should identify risks, protect what matters most, sustain security programs, and embed security in the business. 1401January 2014
Government Contract Services Federal Supply Schedules Federal Supply Schedules Supply schedules provide for long‑term, government-wide contracts with commercial firms to provide access to commercial supplies and services at volume discount pricing. 1401January 2014
Government Contract Services Indirect cost rates Indirect cost rates Indirect cost rates are necessary for contract pricing and payment purposes on government contracts, grants and cooperative agreements. 1401January 2014
Government Contract Services Training your staff Training your staff Compliance with the government's rules and requirements requires sound policies and procedures and trained personnel. 1401January 2014
Government Contract Services Allowable costs Allowable costs Determining allowable costs for contract pricing or reimbursement purposes can be complicated. 1401January 2014
Government Contract Services Business systems Business systems A multitude of government regulations require contractors to have acceptable business systems as a condition to contract award. 1401January 2014
Government Contract Services Claims and disputes Claims and disputes Government contracts provide a variety of approaches for seeking administrative remedies for claims and disputes. 1401January 2014
Government Contract Services Commercial item acquisition Commercial item acquisition Opportunities for commercial companies that want to sell their products and services to the federal government have increased since the passage of the Federal Acquisition Streamlining Act and the Clinger-Cohen Act. 1401January 2014
Government Contract Services Contract pricing and proposal support Contract pricing and proposal support A contractor’s understanding of these complex processes is critical to the development of capture strategies and winning government contracts. 1401January 2014
Government Contract Services Cost Accounting Standards Cost Accounting Standards Originally established to address concerns involving defense contractor cost estimating, accumulating and reporting under negotiated government contracts (and subcontracts), the CAS can now apply to civilian agency contracts and also extend to certain colleges and universities. 1401January 2014
Government Contract Services Meeting the challenge Meeting the challenge Success in selling your goods and services in the federal marketplace will depend on your ability to comply with the government's procurement rules and regulations. 1401January 2014
Fraud and Investigations Business briefing: Foreign Corrupt Practices ACT Guidance issued Business briefing: Foreign Corrupt Practices ACT Guidance issued The interpretations offered within the Guide do not have the force of law. However, given that nearly all FCPA cases against companies are settled outside of court, such views matter greatly to US companies and foreign multinational companies. 1311November 2013
Fraud and Investigations Dangerous world: Practical steps for global companies to evaluate and address corruption risk Dangerous world: Practical steps for global companies to evaluate and address corruption risk This article provides suggestions for how large and midsize companies should go about evaluating their corruption risks and put a program in place to address these risks responsibly. 1310October 2013
Life Sciences Life sciences compliance: the last decade Life sciences compliance: the last decade In the area of commercial compliance, the pharmaceutical industry has experienced extraordinary change over the past 10 years. 1309September 2013
Mining & Metals Managing bribery and corruption risks in the mining and metals industry Managing bribery and corruption risks in the mining and metals industry This publication provides an overview of the current anti-bribery and anti-corruption trends in this industry, and sets out some key steps that companies can take to mitigate risk. 1309September 2013
Forensic Technology & Discovery Services Cybercrime diagnostic: Proactively combating high-impact cyber threats Cybercrime diagnostic: Proactively combating high-impact cyber threats Increasingly, cyber threats are being discussed in the boardroom, as the authorities hold companies and their leadership to account for the security of customer and employee data. 1309September 2013
Fraud and Investigations Asia-Pacific Fraud Survey 2015 Asia-Pacific Fraud Survey 2015 Asia-Pacific businesses surveyed see a disconnect between the anti-bribery and anti-corruption policies 1309September 2013
Integrity Diligence Third-party risk management Third-party risk management Understanding who you conduct business with has become more than just good business practice; it is increasingly smart compliance. 1308August 2013
Forensic Technology & Discovery Services Forensic data analytics: Globally integrated compliance review, litigation support and investigative services Forensic data analytics - Globally integrated compliance review, litigation support and investigative services FDA combines the extensive use of big data and statistical and qualitative analysis, in conjunction with explanatory and predictive models, to guide and identify issues and areas warranting further review. 1308August 2013
Forensic Technology & Discovery Services Using data analytics to enhance compliance with corporate social media policy Using data analytics to enhance compliance with corporate social media policy Few companies are taking advantage of data analytics for risk management purposes, such as identifying specific instances of content generated by employees that may violate corporate social media policy. 1307July 2013
Fraud and Investigations Anti-corruption internal audits: A crucial element of anti-corruption compliance Anti-corruption internal audits: A crucial element of anti-corruption compliance At EY, we believe that anti-corruption monitoring, including anti-corruption internal audits, are perhaps the most crucial element of an effective anti-corruption program. 1307July 2013
Fraud and Investigations The audit committee’s evolving role in overseeing corporate investigations The audit committee's evolving role in overseeing corporate investigations Making the right choices at the outset and along the way is critical to obtaining a good outcome and to ensure that the audit committee properly discharges its legal and fiduciary duties. 1307July 2013
Real Estate & Construction Managing bribery and corruption risks in the construction and infrastructure industry Managing bribery and corruption risks in the construction and infrastructure industry The construction and infrastructure sector has featured significantly in bribery prosecutions, with 11% of all enforcement activity, since FCPA was introduced, relating to the sector. 1303March 2013
Financial Services Industry Adapting AML monitoring for Remote Deposit Capture Adapting AML monitoring for Remote Deposit Capture In its October 2011 assessment, FinCEN reports that Remote Deposit Capture (RDC) Suspicious Activity Report (SAR) filings increased substantially as use of the product has grown and as regulatory enforcement actions targeting the product were announced. As the report emphasizes, use of RDC internationally generated many of the SARs, via money service businesses and casa de cambio accounts, to deposit not only personal checks but money orders and traveler’s checks. The trifecta of risk—location, customer and product—results in an obvious need for enhanced monitoring. 1303March 2013
Energy/Oil & Gas Industry Risk and compliance for today's global oil and gas companies Risk and compliance for today's global oil and gas companies Energy companies that do business around the world face significant risks related to the ever-increasing complexity of regulatory compliance. We hosted a series of panel discussions featuring energy industry leaders discussing how companies can best focus their compliance risk mitigation efforts. 1208August 2012
Fraud and Investigations The U.K. Bribery Act: How to Mitigate the Risks of Prosecution for Making Facilitation Payments The U.K. Bribery Act: How to Mitigate the Risks of Prosecution for Making Facilitation Payments Companies that have used the label “facilitation payment” to describe small, routine payments that encourage non-discretionary actions, will face new risks of prosecution. Review the following 5 steps to help your company mitigate the risks of prosecution. 1107July 2011
Integrity Diligence Third-party due diligence: Key components of an effective, risk-based compliance program Third-party due diligence: Key components of an effective, risk-based compliance program Global corporations and their audit committees are taking a closer look at how they manage third-party relations. In this paper, we discuss the key components of an effective vendor due diligence program. 1107July 2011
Insurance & Federal Claims Services Considerations for property insurance claims in the transportation industry Considerations for property insurance claims in the transportation industry Learn what characteristics are unique to the transportation industry and can cause complexities in coverage and measurement of property and business interruption claims. 1104April 2011