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 
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
        --  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 

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 
Kathy Keller, (650) 234-6252, 
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-0- Jul/09/2014 15:00 GMT
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