Fcpa Compliance Report

Under the Prong entitled “Policies and Procedures” subtexted Operational Integration, the Evaluation states:  Payment Systems – How was the misconduct in question funded (e.g., purchase orders, employee reimbursements, discounts, petty cash)? What processes could have prevented or detected improper access to these funds? Have those processes been improved? While of the basic Watergate maxims has always been appropriate in any FCPA investigation, Follow The Money, the Evaluation takes payment systems and their internal controls several steps further past the detect and even investigatory precepts. There is not a set of “compliance internal controls” but rather internal controls permeating throughout an organization which creates their effectiveness. Today, we examine what are effective compliance internal controls and how the payroll function can assist in fulfilling those requirements.  What are internal controls?  What are internal controls in a FCPA compliance program? The starting point is the law itself,