Protiviti Governance Portal for Third-Party Anti-Corruption Helps Organizations Comply With U.S. Foreign Corrupt Practices Act

 Protiviti Governance Portal for Third-Party Anti-Corruption Helps  Organizations Comply With U.S. Foreign Corrupt Practices Act  MENLO PARK, Calif., July 9, 2014 /CNW/ -- Protiviti (, a  global consulting firm, has released the Protiviti Governance Portal for  Third-Party Anti-Corruption, enabling companies to develop and manage a  risk-based, third-party anti-corruption program that supports compliance with  the U.S. Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws.  The Governance Portal for Third-Party Anti-Corruption v4.1 is a new module of  the Protiviti Governance Portal, a GRC (governance, risk and compliance)  platform that helps organizations efficiently support multiple GRC activities.  With the new module, companies can manage corruption risk across their  third-party ecosystem from a single, centralized platform. Protiviti also  provides consulting services to support anti-corruption programs with  anti-corruption strategy, due diligence and remediation activities.  "For large companies, the most common source of FCPA violations comes from  third parties acting on their behalf," said Scott Moritz, managing director  and global lead of Protiviti's Investigations and Fraud Risk Management  practice and former FBI special agent. "Acknowledging the unique risks these  'intermediaries' present and having a well-conceived policy to combat them  simply aren't enough. To fully operationalize an anti-corruption program,  organizations must have the technology and content to manage the underlying  processes and align them with their internal controls and audit programs."  Third-party Due Diligence  In November 2012, the Criminal Division of the U.S.  Department of Justice along with the U.S. Securities and Exchange Commission  jointly released "A Resource Guide to the Foreign Corrupt Practices Act." The  guide outlines 10 "Hallmarks of an Effective Compliance Program," one of which  relates to third-party due diligence and payments. According to the guide,  "DOJ's and SEC's FCPA enforcement actions demonstrate that third parties,  including agents, consultants, and distributors, are commonly used to conceal  the payment of bribes to foreign officials in international business  transactions. Risk-based due diligence is particularly important with third  parties and will also be considered by the DOJ and SEC in assessing the  effectiveness of a company's compliance program."  The Protiviti Governance Portal for Third-Party Anti-Corruption enables  companies to:        --  Create a centralized repository for all program data and         activity.     --  Gather responses to third-party anti-corruption questionnaires         prior to contract approval.     --  Establish a risk-scoring model that aligns with the company's         overall anti-corruption policy and create scorecards for its         vendors and business partners.     --  Identify third parties with heightened risk, allowing         organizations to allocate resources on a risk basis for         additional investigation and follow-up.     --  Manage overall workflow, investigative cases and approvals.     --  Maintain a complete audit trail of activities.     --  Continuously monitor third parties against watch lists  "The Protiviti Governance Portal for Third-Party Anti-Corruption provides an  easy and cost-effective way for large organizations to create a sustainable,  consistent process for evaluating and managing the risks associated with their  agents and third-party business partners scattered around the world," said  Scott Wisniewski, managing director of Protiviti's Risk Technologies group.  "It also helps companies to develop a standardized risk-scoring methodology  based on their unique requirements and risk scorecards, allowing them to more  easily identify and take action against the entities that present the highest  risk to their organizations."  Complimentary Webinar on July 15  Protiviti will conduct a complimentary  webinar to explore effective third-party anti-corruption programs on July 15  at 10:00 a.m. PDT. The 60-minute webinar is eligible for CPE credit* and will  feature Protiviti's Moritz and guest speaker Chris McClean, principal analyst  and research director with Forrester Research, Inc. Please register for the  webinar at:  The Governance Portal is a flexible technology solution that provides the  visibility and oversight organizations need to manage enterprise and  operational risks, optimize internal audit processes, monitor compliance risk,  reduce the cost of financial controls management and improve IT governance.  About Protiviti Inc.  Protiviti ( is a global consulting  firm that helps companies solve problems in finance, technology, operations,  governance, risk and internal audit, and has served more than 40 percent of  FORTUNE 1000(®) and FORTUNE Global 500(®) companies. Protiviti and its  independently owned Member Firms serve clients through a network of more than  70 locations in over 20 countries. The firm also works with smaller, growing  companies, including those looking to go public, as well as with government  agencies.  Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in  1948, Robert Half is a member of the S&P 500 index.  Protiviti is not licensed or registered as a public accounting firm and does  not issue opinions on financial statements or offer attestation services.  *Protiviti is registered with the National Association of State Boards of  Accountancy (NASBA) as a sponsor of continuing professional education on the  National Registry of CPE Sponsors. State boards of accountancy have final  authority on the acceptance of individual courses for CPE credit. Complaints  regarding registered sponsors may be submitted to the National Registry of CPE  Sponsors through its website:  Logo -    SOURCE  Protiviti  Kathy Keller, (650) 234-6252,  CO: Protiviti ST: California NI: FIN INS MAC LEI RET HEA UTI OIL CPR ELE NP  
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