Today’s buzz: Bribery and Corruption
The global economy brings great opportunities. And great risks. On your home court or a new playground, whether perpetrated by your staff or a third party, new flavors of bribery and corruption fraud schemes are keeping regulators, boards and executives awake at night. Can technology help them sleep?
The experts speak.
Vincent Walden, Ernst & Young: “Fraud is similar to fashion. Things get hot, then fade away. In the early 2000s (pre-SOX) ... financial misstatements and ‘cooking the books.’ In the mid-2000s, stock-options backdating was hot. For the la