In The New Era of Regulatory Enforcement: A Comprehensive Guide for Raising the Bar to Manage Risk [McGraw-Hill Education, April 2016], authors Richard H. Girgenti, J.D., National and Americas Leader for KPMG LLP’s Forensic Advisory Services, and Timothy P. Hedley, Ph.D., KPMG’s Global Lead for Fraud Risk Management Services, provide valuable insight into challenges companies face in conducting business in the new regulatory environment.
In today’s global and digital world, the increasingly complex regulatory and business landscape has created unprecedented challenges and risks for businesses in all industries. Girgenti and Hedley, also co-authors of Managing the Risk of Fraud and Misconduct: Meeting the Challenges of a Global, Regulated, and Digital Environment [McGraw-Hill, 2011], supported by KPMG professionals with varied areas of regulatory and enforcement knowledge, delve into government policies, strategies and tactics driving enforcement activity, and the most effective approaches for preventing, detecting, and responding to enterprise and industry risks.
“As organizations attempt to navigate this changing regulatory landscape, they face new risks and uncertainty resulting from a new regime of enforcement that is global in nature. Those that fail to effectively manage these risks find themselves facing record fines and penalties,” says Girgenti. “Our aim is to provide organizations with knowledge and support to build and sustain an effective compliance environment and culture of integrity, the foundation for sustained high business performance.”
The New Era of Regulatory Enforcement provides clear guidance on what organizations need to do to mitigate risks, as well as insight into:
“Effectively managing risk is an imperative for business leaders. Those organizations that will lead the way will not only seek to comply with regulations, but will also work tirelessly to create an environment of trust with employees, customers, regulators, and shareholders based on sound ethical principles and behavior. This is not only a prescription to manage risks but a way forward to strengthen a company’s reputation and help ensure sustainable success," says Hedley.
The New Era of Regulatory Enforcement covers topics that are top of mind for organizations as they navigate the regulatory landscape, including anti-bribery and corruption; anti-money laundering and trade sanctions; market manipulation; financial reporting fraud; unfair, deceptive and abusive consumer finance practices; off-shore tax evasion; and fraud and misconduct in the healthcare and life sciences industries.
About Richard H. Girgenti
Girgenti has over 40 years of experience conducting investigations and providing compliance and fraud risk management advisory services to public and private corporations, government entities and not-for-profit organizations. Prior to joining KPMG, Girgenti was a veteran prosecutor and held a number of high-level legal and law enforcement positions including New York State Director of Criminal Justice and Commissioner of the Division of Criminal Justice Services.
About Timothy P. Hedley, Ph.D.
Hedley has extensive experience helping companies prevent, detect and respond to fraud and misconduct allegations. Hedley is a frequent speaker on fraud risk and a member of the NY State Society of CPAs and the AICPA.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries.
Learn more about Girgenti, Hedley and The New Era of Regulatory Enforcement at www.kpmg.com/us/NewEra.
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