In this rapidly evolving environment, internal audit, compliance and legal departments are not only required to maintain business integrity through effective fraud and corruption prevention strategy. They need to implement these strategies in a meaningful way that goes beyond theory and has a positive impact on their company, employees and business partners.
    Focus should be placed in supporting an ethical business culture, improving fraud risk mitigation and handling the difficult legal challenges. Ethics training and successful fraud prevention certainly are key pillars. The legal challenges are abundant:  interviewing and pursuing employees, dealing with data protection and labor laws, as well as FCPA. OECD Anti-Bribery Convention and Bribery Act laws are substantial. Particular focus is necessary for CIS countries and Emerging Markets with new developments in Asia. However, in addition to prevention, it is necessary to have an effective investigations strategy in place: covering interviewing, whistle-blowing, evidence gathering and prosecution. In addition, understanding culture, HR and ethics is very beneficial.

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