Effective anti-fraud and anti-corruption programs – July 2016
David Doyle, chief compliance officer Starwood Hotels & Resorts Worldwide, Anthony Campanelli, Partner, Deloitte Financial Advisory Services in the United States, and Kris Wentzel, Partner, Enterprise Risk Services, Deloitte Canada, discuss mitigating fraud risks and the importance of an effective whistleblower program. Today, when the typical organization loses five percent of its revenues to fraud and corruption each year, and regulators are taking an increasingly aggressive stance in enforcing anti-corruption laws, directors may be found personally liable if they are found to be less than diligent in carrying out their responsibilities for ensuring that management puts in place effective anti-fraud and anti-corruption programs and controls.
