Ernst &Young Services AABS RAS FIDS Fraud Investigation and Dispute Services - Ernst & Young - United States

The May/June 2009 issue of FRAUD Magazine introduces a ground-breaking method for detecting fraud, which was developed by Ernst & Young and the Association of Certified Fraud Examiners. The method links electronic communications to the Fraud Triangle theory. The article addresses the importance of (pdf, 945K) an anti-fraud program and how electronic communications may hold the key to detecting fraud in its earliest stages.

Risk Management Magazine recently published a two-part article (pdf, 444K) by Dan Torpey. In the first part, "Learning from Simpler Times," Dan examines the five changes that have affected the claims process in the last 20 years. The second part, "Preparing for a Complex Future," addresses four areas risk managers can focus on to improve the claim process. 

Given the current state of the economy, falling energy prices and recent corporate scandals, fraud is still a top concern for corporate executives. Every organization is vulnerable to fraud, and managers must know how to (pdf, 209K)  detect it — or at least when to suspect it.

As corporations continue to acquire new businesses, expand globally and enter new emerging markets, they must be cognizant of the US Foreign Corrupt Practices Act (FCPA) and other international anti-corruption laws and regulations. A detailed FCPA due diligence process can address potential pitfalls (pdf, 89K) in high risk market transactions.

Drug pricing and marketing practices are coming under ever more regulatory scrutiny. US and non-US companies should be on their guard. This article addresses the (pdf, 92K) current issues and risks related to drug pricing statutes, off-label promotion, gift-giving, clinical trials and more.

One-third of all closed transactions end with a dispute between the parties. That already high percentage is likely to increase given the uncertainty about valuations and the general tightness in the debt markets. This article explains how (pdf, 42K) post-deal dispute risks can be mitigated with forethought and planning.

Corruption is a growing problem for businesses. Our 10th global fraud survey offers analysis of insights from nearly 1,200 executives into their experiences of bribery and corruption. We also describe the steps to create what we believe is an effective anti-corruption compliance program.