Commentary: Audits, risk assessments help catch third-party fraud

06/25/2014 | MainJustice.com

Third parties' actions have led to an increasing number of Foreign Corrupt Practices Act cases against corporations, write Chris Fordham and John Auerbach of Ernst & Young. "Activities can be outsourced, but responsibility cannot," they write, adding that intermediaries commonly are involved in business in the Asia-Pacific region. Companies working with third parties need to conduct comprehensive risk assessments and compliance audits, and they should harness forensic data analytics to catch potentially problematic behavior, Fordham and Auerbach write.

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