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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.By Juliana Kenny
Failure to monitor third parties can put businesses at enormous risk — particularly for bribery and corruption — and cost businesses financially and reputationally. Yet, given these risks, only 23 percent of U.S.-listed companies exercise their rights to audit third parties, and less than three-quarters identify risky intermediaries according to a new survey by KPMG International titled: Anti-Bribery and Corruption: Rising to the challenge in the age of globalization .
Read the complete article at: Failure to audit third parties puts global businesses at huge risk