The U.S. Department of Justice and the U.S. Securities and Exchange Commission, charged with enforcing the U.S. Foreign Corrupt Practices Act (FCPA), have signaled they expect companies to strengthen anti-bribery management systems, with an emphasis on preventive controls. Certain tools used by the government to detect red flags in financial statements demonstrate a growing use of advanced data analytics in enforcement, while reinforcing the message that companies can employ such technologies to strengthen compliance. Learn more about the guidance available that can help organizations put in place effective foundational financial controls.

Source: Wall Street Journal March 15, 2017 20:03 UTC