International foreign bribery developments affecting Australian business

There have been a number of recent developments in Australia and overseas in relation to the risks associated with foreign bribery and corruption. Please insert this 5^th Update behind the Updates tab in your copy of the JWS Foreign Bribery Guide.

The lessons for Australian business – why proactive ethical compliance is important

The recently published Ernst & Young Asia-Pacific Fraud Survey Report Series 2013 makes some important findings from its survey results which will resonate within boardrooms:

• weak systems and controls are exposing companies in the region to significant risks;
• slower growth is putting management under pressure to take short cuts;
• fraudulent practices are on the increase; and