FCPA Compliance Audits: Monitoring and Improving FCPA Compliance Programs During and After the Pandemic

A live 90-minute CLE webinar with interactive Q&A


Tuesday, September 22, 2020

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, August 28, 2020

or call 1-800-926-7926

This CLE webinar will guide counsel and internal audit departments with companies of all sizes doing business outside the U.S. in planning and executing internal audits to test compliance with the Foreign Corrupt Practices Act (FCPA) during and after the Pandemic.

Description

The DOJ and SEC have reiterated the importance of compliance and the FCPA, updated guidance to prosecutors around corporate compliance programs, and continue to actively enforce the FCPA, all against the backdrop of a pandemic. Investigations and significant settlements consistently underscore the need for robust and comprehensive compliance programs, which include periodic audits to detect and prevent violations. This enforcement is not limited to U.S. companies.

For example, in January 2020, the Department of Justice reached an agreement with one of the world's largest airliner manufacturers for $2.09 billion to settle charges of FCPA violations. Similarly, in December 2019, the SEC and DOJ announced that a multinational telecommunications company agreed to pay more than $1 billion to resolve FCPA charges, alleging it had violated the anti-bribery, recordkeeping, and internal-accounting-controls provisions. Agencies are continuing to conduct investigations using technology to conduct interviews in lieu of in-person meetings.

Counsel and internal audit departments of U.S. and international companies of all sizes involved in international business must monitor and evaluate the effectiveness of FCPA compliance implementation to avoid government investigations and penalties. Thorough and ongoing internal audits are essential to minimize the risks of FCPA violations.

Listen as our authoritative panel reviews the essential components of an effective FCPA audit, identifies troublesome FCPA compliance audit issues, and offers strategies for overcoming audit challenges and executing an effective and cost-efficient audit during and after the pandemic.

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Outline

  1. Importance of FCPA audits and risk assessments
    1. Core elements of an anti-corruption compliance program
    2. General parameters of an anti-corruption audit
    3. Risks associated with failure to conduct audit/risk assessment
  2.  Forensic examination of anti-corruption compliance
    1. Establishing methodology
    2. Prevalent corruption and fraud schemes
    3. Recommendations for improving financial accounting controls and procedures
  3. Challenges and risks of anti-corruption compliance reviews
    1. Identifying challenges
    2. Strategies for overcoming challenges during and after the pandemic

Benefits

The panel will review these and other key issues:

  • What are the essential components of an effective FCPA audit?
  • What strategies are available to overcome troublesome audit challenges during and after the pandemic?
  • What are lessons from recent DOJ/SEC investigations and settlements?
  • What steps can counsel take to guide clients and companies in executing cost-efficient audits during and after the pandemic?

Faculty

Gargas, James
James Gargas, MAcc, CPA, CFF, CFE

Director, Forensics
PWC

Mr. Gargas has more than a decade of specialized anti-corruption and forensic accounting experience. His practice...  |  Read More

Steffy, Jonathan
Jonathan M. (Jon) Steffy, CPA, CAMS

Manager
PWC

Mr. Steffy is a Manager in PwC's Forensics practice specializing in risk management, financial crime compliance,...  |  Read More

Wilson, David
David A. Wilson

Partner
Thompson Hine

Mr. Wilson focuses on complex civil litigation, internal and government investigations, and securities enforcement...  |  Read More

Live Webinar

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Early Discount (through 08/28/20)

Live Webinar

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Live Webinar & DVD

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Other Formats
— Anytime, Anywhere

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$247

Download

48 hours after event

$247

DVD

10 business days after event

$247 + $24.45 S&H