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Bribery and Corruption: FCPA and UK Bribery Act Compliance

MIS Training Institute (MISTI)
Training overview
2 days
1,895 USD
Next start date: 6/13/2019 08:30 - New York City

Course description

Bribery and Corruption: FCPA and UK Bribery Act Compliance

In order for companies to avoid costs from governmental fraud investigations, they need to identify high risk activities, business partners, and business opportunities while focusing on mitigating risk. The 2-day Bribery and Corruption: FCPA and UK Bribery Act Compliance course is designed to look at factors to ensure that participants' companies can exhibit corporate compliance. Participants will get to participate in discussions based on real DOJ enforcement cases and will be provided with case studies to support case material.

This course will help participants learn how to conduct a complete FCPA or Bribery Act based audit by focusing on the following topics: 

  • The law
  • Corruption risk
  • Internal controls
  • Audit and investigation strategies 

Who should attend?

This course is suitable for Fraud Investigators and Managers, Financial, Operational, Internal, IT and External Auditors, Audit Managers, Risk and Compliance Managers and Officers, and Information Security Professionals.

Training Content

This course will cover the following topics: 

1. Understanding How Corruption Occurs

  • Cost of corruption to organizations
  • World perspective of corruption
  • Which are the high risk sectors, companies, and jurisdictions
  • Corrupted or corrupter
  • Where companies go wrong on FCPA compliance
  • Understanding the corruption vocabulary

2. Introduction to Corruption Legislation   

  • Foreign Corrupt Practice Act (FCPA) 
  • UK Bribery Act
  • Overview of key FCPA cases

3. Preparing the Corruption Risk Assessment

  • Corruption Risk Model
  • Understanding: country, sector, business opportunity, and partner corruption risk
  • Preparing Transactional Fraud Risk Assessment

4. Right Internal Controls to Combat Bribery and Corruption

  • What constitutes an adequate system of controls and procedures
  • Review of OECD and UK Internal Control Objectives
  • DOJ Opinion Release 04-02
  • Linking the internal Controls to Risk Assessment
  • How to demonstrate corporate compliance

5. Conducting the Corruption Audit

  • Testing the key corruption internal controls
  • Testing your accounting records for transparency
  • Target testing of disbursements
  • Facilitating or grease payments
  • High risk disbursements assessment
  • Establishing the business purpose

6. Conducting the Corruption Investigation

  • Establishing the legal elements of corruption
  • Audit approach to investigating corruption
  • Understanding how the decision process is corrupted
  • Key elements to establish FCPA violation
  • Criminal or civil Investigation
  • Establishing the motive and intent factor
  • Understanding the affirmative defenses

7. Corruption Schemes in Your Purchasing Cycle

  • Favored vendor schemes
  • Bid rigging
  • Conflicts of interest schemes
  • Shell or nominee
  • Pass through entity schemes
  • Bribery and kickback schemes

8. Corruption Schemes in Your Revenue Cycle

  • Front customer schemes
  • Favored term schemes
  • Methods of paying bribes
  • FCPA transparency

Costs

The cost of this course is $1795 per participant. Request information to learn more!

Degree and diploma etc.

Completion of this course is worth 16 CPE Credits

Certification / Credits

Completion of this course is worth 16 CPE Credits

About supplier

MISTI

With offices in London and Boston, MISTI is the global leader in IT audit, audit and information security training. Founded in 1978, MISTI has gained experience through training more than 200,000 delegates across five continents.  MISTI has made it their...


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MIS Training Institute (MISTI)


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Reviews

Samuel, T, Gold Resource Center
(4)
good overview of the FCPA/UK law with sufficient detailed examples to help reinforce concepts. Very good compliment to the other course in the series "How to integrate fraud controls into the audit process".
Cindy, P, Boy Scouts of America
(3)
I have no practical experience in the area of fraud, but found Mr. Vona's teaching style very easy to follow. I now have a starting point for a FCPA compliance audit.
Brian, C, Nature's Sunshine Products
(5)
Professional, interesting, and fun. Leonard gave a great class.
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Training reviews
Bribery and Corruption: FCPA and UK Bribery Act Compliance
Course rating
(4.0)
Based on 3 reviews

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