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The Top 4 Areas of Spend Risk: How to Prevent Corruption and Fraud

Lextegrity and Ethisphere compliance experts follow up on Lextegrity’s recent article in Ethisphere Magazine and discuss the tools and processes that can help prevent fraud and corruption in the top 4 areas of spend risk.

Corruption and fraud are dangerous for not only your company's finances but also its reputation. These two looming compliance issues are a risk for all companies, regardless of size or scope, and can cost significant sums each year and devastate the bottom line.

As a follow-up to Lextegrity’s recent article in Ethisphere Magazine on The Top 4 Areas of Spend Risk, this webcast covers the processes and tools that can help compliance and audit teams stay focused and avoid risks that can have significant financial, regulatory, and reputational implications.

As you probably know, analyzing every potential indicator of spend risk within your company without context is nearly impossible. However, by gathering the knowledge to identify multiple tailored spend risk indicators simultaneously, you'll be able to better position your compliance program and company to prevail in the fight against corruption and fraud.

In this webinar, we explore:

  • checkmarkThe top four areas of spend risk
  • checkmarkHow to determine which parts of your company are most prone to these risks
  • checkmarkHow to develop and execute processes to identify spend risk and prevent corruption and fraud

The Expert Panelists:
Mihnea Rotariu Erica Salmon Byrne

Mihnea Rotariu
Risk and Compliance Analytics Director | Lextegrity

Erica Salmon Byrne
President | Ethisphere

Mihnea Rotariu has an extensive background in handling matters involving bribery and corruption, forensic accounting, monitorships, regulatory compliance, data analytics, and due diligence from his time at PwC and FRA. He holds several certifications, including Fellow of the Association of Chartered Certified Accountants (FCCA), Certified Fraud Examiner (CFE), and Certified Anti-Money Laundering Specialist (CAMS).

Erica Salmon Byrne is responsible for Ethisphere's data and services business and works with their community of clients to assess ethics and compliance programs and promote best practices across industries. Ms. Salmon Byrne also serves as the Chair of the Business Ethics Leadership Alliance; she works with the BELA community to advance the dialogue around ethics and governance, and delivers practical guidance to ethics and compliance practitioners around the globe.

About Lextegrity

Lextegrity provides data analytics and automation technology for compliance and audit professionals to prevent and detect risks related to fraud, corruption, sanctions, kickbacks, and conflicts of interest.

Lextegrity’s software has been before regulators globally and was even cited by the SEC. It has been chosen after the appointment of compliance monitors or the start of investigations and has helped resolve those matters, including helping to secure a DOJ declination.

 

About Ethisphere

Ethisphere believes in doing business with integrity. With a mindset of “you can’t change what you don’t measure,” they perform diagnostic assessments and transform data into actionable insights that increase your ethics and compliance dividend. 

Ethisphere helps others collaborate and convene with the Business Ethics Leadership Alliance (BELA), benchmark and improve with their program assessments, and build sustainable culture change.