The Mistake of Looking to Auditors to Uncover Fraud

Many organizations look to auditors as their primary source of fraud detection. That’s a mistake according to the Association of Certified Fraud Examiners (ACFE). In 2018, an ACFE study found 53 percent of occupational fraud is identified by employees other than auditors. That’s compared  to just 15 percent detected by internal auditors and just 4 percent by external auditors.   

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Clarifying Corporate Hospitality Rules Under the UK Bribery Act

The UK Bribery Act was implemented nearly eight years ago, but no case law exists to offer organizations an interpretation of corporate hospitality rules. The sole source of guidance to date has been from the Ministry of Justice in 2011.  

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Piper Jaffray Chooses MCO's Conduct Risk Management Platform

Here at MCO, we thrive on helping businesses – large and small – cost-effectively manage risk and automate their compliance ethics policies. And we’re thrilled to announce that Piper Jaffray has chosen MCO to help them monitor and mitigate employee personal trading, entertainment and gifts, and outside business activities.

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Three Questions UK Corporates Should be Asking

There’s not much available from UK regulators on what they expect from an overarching corporate compliance program. Most guidance issued to date has focused on prescriptive compliance with specific regulations. But UK corporations can look to the U.S. Department of Justice (DOJ) for a solid program template. 

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