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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September 2013
In the context of a DOJ and SEC investigation, FRA was instructed by counsel for a large American IT company to calculate the ‘gain’ or ‘profit’ which might have been generated on some contracts entered into via intermediaries or agents that were tainted by alleged compliance violations i.e., bribery. The matter included highly complex contracts between German and Russian distributors, as well as numerous reviews in Latin America and Europe.
Emma Hodges, a Partner at FRA, is an experienced forensic and investigative accountant with over 14 years of experience conducting multi-jurisdictional forensic accounting reviews and investigations, internal controls reviews, and financial statement audits. She works closely with law firms in […]
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