|Today's middle-market executives operate in an increasingly interconnected economy, distributing and selling products around the world more than ever before. Advances in technology have increased access and potential for growth, but have also exposed businesses to a higher level of bribery and corruption risks. In response, government entities have established a more stringent regulatory environment, led by increased enforcement of the Foreign Corrupt Practices Act (FCPA) and the enactment of the U.K. Bribery Act. |
With these challenges in mind, McGladrey, in conjunction with The Institute of Internal Auditors Research Foundation (IIARF), has developed the Global Corruption Law Compliance Report. In an era of globalization, companies must be vigilant about compliance with tougher laws and regulations against bribery and corrupt business activities. The costs of ignoring such activity is high, as fines and investigations impact a company financially while reputational damage can result in lost customers and business partners.
Download the report.