For companies competing in international markets, conducting business in a manner that implicates international anti-corruption regulations such as the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act (UKBA) can result in forfeiture of “tainted” gross profits, exposing the company to substantial fines and penalties, and serious ramifications for responsible corporate officers and board members. Governments all over the world are concentrating their efforts to halt corruption, and the onus is now on the company to ensure compliance with international anti-corruption laws throughout its organization.
As one of the premier providers of compliance, risk, fraud and forensic services worldwide, UHY Advisors Forensic, Litigation & Valuation Services assist clients with establishing effective compliance functions designed to help prevent potential violations of anti-corruption laws before they lead to costly investigations. With offices throughout the world, member firms in the UHY International global network understand the diverse issues facing multi-national corporations and are dedicated to helping companies establish their business presence in many foreign and emerging markets. UHY International has the global reach to conduct investigations to quickly uncover and isolate potential violations that may occur from a rogue employee. Our anti-corruption services have been designed for our clients to receive value from the tight controls we apply to all engagements and from the utilization of multi-functional teams, with capabilities in five critical areas:
IT security is a growing threat for businesses of every type and no organization is safe. While information security risks have been around for a long time (several Civil War battles were decided by details obtained by the enemy), today they bring with them challenging complexities and costly ramifications for businesses.
Due to the recent flooding in southeast Michigan, many businesses and individuals may be facing the loss or destruction of tax records. In the event of an IRS examination, the burden is on the taxpayer to prove any deductions claimed
On February 12, 2014 by decree of Executive Order the National Institute of Standards and Technology issued the "Framework for Improving Critical Infrastructure Cybersecurity".
Section 1502 of the Dodd-Frank Act was adopted on August 22, 2012 and specifies the requirements surrounding the sources of materials that are classified as "conflict minerals" that may be present in the products a company produces and/or sells. The key minerals are tin, tantalum, tungsten and gold. Deadlines for the first reporting period regarding reasonable country of origin inquiries (RCOIs) and conflict minerals are due May 31, 2014. With just six months left to complete your due diligence, it is crucial that your company has actively initiated a plan that includes a review of potential conflict minerals and the country of origin.