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Anti-Corruption Certification

The OCEG Anti-Corruption Certification Program is a serious assurance process for serious companies.

Businesses of all kinds now think and act globally. New markets, cost differentials, ease of communications and other business drivers contribute to growing trade and inter-dependency among geographically distant and culturally distinct trading partners.

Using the assurance standard of Agreed Upon Procedures (recognized by the American Institute of Certified Public Accountants and similar standards of other international accounting bodies), companies analyze their programs for design effectiveness and, if they wish, operational effectiveness. The results are then submitted to OCEG for review and, if appropriate, certification.

OCEG Anti-Corruption Certification Program

Background

To build and sustain an international business, companies manage a variety of sales, marketing, operational and logistical issues – made more complex by the differing market demands, customs and regulatory requirements of the various geographies involved.

Among the more challenging requirements, from both practical and legal perspectives, are the anti-corruption laws.

Regulators are increasingly targeting company executives as well as companies for prosecution on corruption charges. Penalty or settlement amounts are now routinely in the tens or even hundreds of millions of dollars. New, tougher and widely applicable anti-corruption laws take effect early next year. Stakeholders seek greater transparency around corporate anti-corruption activities, because of the risks to reputational and enterprise value associated with perceived or actual corruption.

OCEG Anti-Corruption Program Certification

The OCEG Anti-Corruption Program Certification  is a serious assurance process for serious companies. Using the assurance standard of Agreed Upon Procedures (recognized by the American Institute of Certified Public Accountants and other international accounting bodies), companies analyze their programs for design effectiveness and, if they wish, operational effectiveness. The results are then submitted to OCEG for review and, if appropriate, certification.

The OCEG approach uses:

  • control objectives which are openly available and aligned both with US and UK anti-corruption and compliance program requirements and with significant voluntary international standards such as those from Transparency International (TI) and the World Economic Forum (WEF) Partners Against Corruption Initiative (PACI); and
  • control procedures that have been developed in conjunction with the major international accounting firms and openly vetted by both professionals and the public.

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