Today’s global business environment has created highly international, decentralised companies. Individuals often operate in remote countries where bribes and payoffs have historically been a routine part of conducting business. When language, culture and traditions vary so widely, keeping close tabs on international operations can be extremely challenging. When it comes to anti-bribery provisions, data analytics are the most powerful way to validate the completeness and accuracy of books and records. Continuous monitoring provides assurance around the effectiveness of internal controls and pinpoints transactions that appear suspicious.
ACL has an extensive library of analytic tests that can quickly identify ‘red flags’, providing an invaluable early warning system against bribery and corruption. Get started with these Top 10 Compliance Tests.