TND West

The Securities and Exchange Commission (SEC) along with the Department of Justice (DOJ) have prioritized efforts to investigate then prosecute corruption in business. The FCPA, Foreign Corrupt Practice Act has also prioritized the enforcement of regulators and their issues concerning major compliance for all US companies that operate overseas. This has raised the bar significantly for companies to side with caution when it comes to financial risk.

Companies are required to register with the SEC all business transactions in order to accurately keep records and effectively maintain a system that will internalize accounting controls. The FCPA, steadfastly prohibits all US companies and all the officers down to the employees and subsidiaries from attempting to bribe officials in foreign countries, including any intermediaries or indirect means of bribery in order to obtain or even retain businesses.

With stiffening regulations, a majority of companies are now hiring other companies with extensive investigative backgrounds and experience in forensic accounting and help US Global companies in all industries and in all geographies to investigate, detect and prevent bribery and corruption. They are well equipped to conduct assessments to make sure US Global companies or FCPA compliant by focusing on the business marketing practices concerning foreign governments and they work with outside counsel, which results in a tailored audit program developed for each client’s needs and FCPA risks.

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