Asked on 14 February
As an audit manager of a Fortune 500 company, we are currently working to upgrade our Anti-bribery audit process. This is an audit we do proactively to look at internal controls which, if not in place or working properly, could raise the risk of bribery activity.
Current steps include review and testing of controls on sources/uses of cash; approval and appropriateness of payments, reviews of one-time/special payments, travel & entertainment, gifts, etc. We also look at selection process/pricing of vendors for competitiveness, appropriate approval, etc. as well as a special focus on interactions with consultants, agents, and any government official.
I wanted to see if others had any additional steps or approaches to this subject. Thanks.
A forum in which members may discuss ongoing Internal Controls issues
Go to the CEB Accounting & Reporting Leadership Council Website
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Shriya Sabharwal Finance Practice
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