Forensic Risk Alliance
As of August 2018, the FCPA Tracker reported approximately 156 open or recently closed investigations into corruption, five of which involve revenue recognition practices and material weaknesses. Of those five, three resulted in restatements of previously issued accounts. While not […]
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As a result of requirements for financial institution risk management programs to be designed by an independent risk management function, approved by a Board of Directors, and reviewed annually to reflect regulatory changes, for many banks, compliance is intricately woven […]
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The US Department of Justice (DOJ) has long had its sights set on the Life Sciences industry. While little has changed in the marketplace since the first large-scale settlements of 2008, the DOJ’s focus on Life Sciences has only gotten […]
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May 2006
FRA was appointed by a UK-based chemical company which was under investigation for alleged bribery of Iraqi officials during the UN Oil-for-Food program. The assignment involved both forensic accounting and eDiscovery work in the UK, the US, and Switzerland. The case was the first case to be settled jointly by the DOJ and the SFO, ending with a Deferred Prosecution Agreement in the US and a civil settlement of alleged offenses in the UK.
Simon Taylor is a director in FRA’s London Office in the Forensic Accounting team. He is a dual qualified lawyer (solicitor and barrister) and provides in-house support to the firm on the compliance, forensic accounting and eDiscovery practices. He has […]
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