The 2015 Yates Memo shifts the focus of FCPA enforcement to identifying and self-reporting individual accountability to the DOJ and SEC. But a major gap for most organizations is an inability to accurately and consistently identify patterns of inappropriate behaviors in travel, entertainment and purchasing that pose FCPA risk. The sheer volume of transactions is a hurdle.
You know you need to analyze your financial and corporate spend data, but deciding where to start and how often to conduct analysis can be difficult. The good news: there are many options for the frequency at which you should be looking at your data. More good news: it isn’t difficult to determine the right frequency for you.
With baseball season in full swing, Oversight wanted to get in on the fun! Our newest white paper, “What Major League Baseball Has in Common with the FCPA,” compares the state of recent FCPA violations (Avon, Morgan Stanley) with the MLB steroid scandals of the 90’s. The baseball comparison makes FCPA enforcement easier to understand, and we think this is one of our best white papers yet!
Most companies have a need for employees to travel or make purchases on behalf of the company, and large organizations make use of formal expense management platforms to keep this spending organized and in one easy-to-access location. These solutions are one of the most necessary components of an effectively managed corporate expense program as they make it easy for companies to track and manage expenses, while making it easy for employees to travel, purchase on behalf of the company, document expenses, and facilitate reimbursement.