Bribes and the balance sheet
The risks for corporations of not having a handle on possible foreign corrupt practices, either in their overseas units or companies they might acquire, are growing fast–and need to be managed, reports CFO.com deputy editor David M. Katz. Emboldened by Sarbanes-Oxley, enforcement officials are boosting fines and stepping up their efforts to ferret out bribery payments under the Foreign Corrupt Practices Act. What’s more, corrupt practices are becoming deal breakers on the M&A front. www.cfo.com/bribes
COPYRIGHT 2004 CFO Publishing Corp.
COPYRIGHT 2004 Gale Group