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

Protiviti technology and consulting services enable companies to develop and
manage a risk-based, third-party anti-corruption program that helps companies
identify and respond to a wide array of corruption and reputational risks

PR Newswire

MENLO PARK, Calif., July 9, 2014

MENLO PARK, Calif., July 9, 2014 /PRNewswire/ -- 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.

Protiviti logo.

"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:

  oCreate a centralized repository for all program data and activity.
  oGather responses to third-party anti-corruption questionnaires prior to
    contract approval.
  oEstablish a risk-scoring model that aligns with the company's overall
    anti-corruption policy and create scorecards for its vendors and business
  oIdentify third parties with heightened risk, allowing organizations to
    allocate resources on a risk basis for additional investigation and
  oManage overall workflow, investigative cases and approvals.
  oMaintain a complete audit trail of activities.
  oContinuously 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:

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SOURCE Protiviti

Contact: Kathy Keller, (650) 234-6252,
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