Article at CFO.com: Committed to Fraud Prevention

Posted on August 25th, 2011

cfo.comAs regulators focus on corruption crackdowns, companies are turning to compliance committees to help them stay on the right track.

By Tracy Coenen, Contributor to CFO.com

Do a Web search for corporate compliance committees, and you’ll get hundreds of thousands of results. As compliance issues move front and center thanks to the new U.K. Bribery Act and a renewed focus on the Foreign Corrupt Practices Act (FCPA), compliance committees have become a hot new topic.

Because legislators and regulators in the United States and abroad are paying more attention to bribery and corruption, companies have been forced to reevaluate their compliance efforts and improve them on the fly. In the past, compliance committees have been most prevalent in the health-care industry, but now companies in other industries are creating them as well.

Read the rest of this article by Tracy Coenen at CFO.com.

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  5. An average company wasted $1.7 million on SOX 404 Compliance last year

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