Fighting the Spread of Corruption


A new KPMG Forensics survey suggests multinational organizations in the United States continue to face challenges with key issues related to the Foreign Corrupt Practices Act. The survey, completed in summer 2008, found that 85% of the respondents had an FCPA compliance program, but many struggled with fundamental elements, including: performing effective due diligence on foreign agents/third parties (82%); auditing third parties for compliance (76%); and performing due diligence during merger or acquisition activities (73%).

Source: KPMG Forensic 2008 Anti-bribery and Anti-corruption Survey, www.kpmg.com.

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.