How Effective is Your Foreign Corrupt Practices Act (FCPA) Program?

  Product ID : DOXE-0002

  Level : Intermediate

  Duration : 60 Minutes

Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of internal controls, policies, and corporate governance processes. She fine-tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.

As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations. Chris consults with several global clients which include one of the world’s largest ERP solution providers. At a global accounts payable recovery firm, she supported the implementation of a self-audit tool and developed a series of comprehensive analytics for the payment process. She is senior trainer, writer and speaker for the IOFM’s AP/P2P and AR/O2C networks. Chris consults with NACHA and many P2P solution providers.

She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management.  She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chis is also a Certified Internal Controls Auditor (CICA), and a Certified Professional Controller (CPC). Chris is a member of the Institute of Internal Auditors (IIA), the Institute for Internal Controls (The IIC), and the Institute of Management Accountants (IMA). She is also a member of the advisory board for The IIC and The Exchange Summit. Chris a sought after speaker at global conferences and presents several webinars each year. As a published author, she writes numerous blogs and whitepapers.

As FCPA enforcement has gone through the roof in recent years - along with the fines for noncompliance - many companies have made FCPA compliance a priority. But when an employee or third party steps out of line, the first thing regulators will look for is the effectiveness of the compliance program.

When it comes to managing and monitoring bribery malpractices, performing data analysis and internal controls testing within your Procure to Pay (P2P) process can be one of the most powerful ways to validate the completeness and accuracy of books and records to add to your company’s FCPA toolkit.

The legislation, such as the US Foreign Corrupt Practices Act (FCPA), implemented to fight bribery and corruption, prohibits any bribery payments to foreign officials and political figures. The FCPA applies to public US companies and the foreign companies listed on the US stock exchange. When language and cultural traditions vary so widely, a comprehensive approach including policy development, risk exposure assessment, control implementation, and ongoing transactional data monitoring is required. However, the failure to prevent and detect issues of bribery can lead to a serious offense resulting in heavy penalties, reputational damages, and possible incarceration.

Learning Objectives

  • Obtain an Overview of the FCPA and Learn about the Key Definitions
  • Determine your FCPA Risk with the 15 FCPA Red Risk Exposure Questions
  • Learn how to develop an FCPA Compliance Program
  • Learn how to Test for FCPA Violations and how to Leverage Existing Internal Control Programs.
  • Learn about the 15 Step Roadmap for the FCPA Compliance

Who Should Attend

  • Controllers
  • Senior Accounting and Finance Managers
  • Accounts Payable Directors and Managers
  • Accounts Payable Professionals
  • Internal Auditors
  • $200.00

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