The IIA’s new Practice Guide: Auditing Anti-bribery and Anti-corruption Programs offers internal audit practitioners insight on the nature of bribery and corruption in organizations throughout the world. It discusses the current business landscape and stresses that no organization, regardless of whether it is public, private, large or small is immune from the devastating impacts bribery and corruption bring.
The guide provides an overview of the key components necessary to effectively audit prevention and deterrence programs. The Practice Guide is organized by addressing the following areas:
- The global legislative landscape
- Bribery and corruption risks and controls
- Internal audit’s role in anti-corruption
- Coordination with other compliance functions
- Challenges that result when bribery and corruption reach high levels
- Comparisons of legislation in selected countries, examples of risks and controls, and a sample audit program
In addition, the practice guide identifies high-risk areas and red flags for bribery and corruption, while providing audit steps to address each high-risk area. Components of an effective anti-corruption program are also discussed.
Item Number: 10.1156