What Does the Foreign Corrupt Practices Act (FCPA) Mean to the Procure to Pay (P2P) Process

Why Should You Attend:

When it comes to managing and monitoring bribery malpractices, performing data analysis within the Procure to Pay (P2P) process can be one of the most powerful ways to validate the completeness and accuracy of books and records to add to your company’s FCPA toolkit.

Legislation, such as the US Foreign Corrupt Practices Act (FCPA), implemented to fight bribery and corruption, prohibits any bribery payments to foreign officials and political figures. The FCPA applies to public US companies and the foreign companies listed on the US stock exchange. When language and cultural traditions vary so widely, a comprehensive approach including policy development, risk exposure assessment, control implementation, and ongoing transactional data monitoring is required. However, the failure to prevent and detect issues of bribery can lead to a serious offense resulting in heavy penalties, reputational damages, and possible incarceration.

This webinar will discuss the Foreign Corrupt Practices Act (FCPA) and what it means to the pay-to-procure (P2P) process.

Areas Covered in the Webinar:

• Introduction
• An overview of the FCPA
• Key definitions
• FCPA red flags and risk exposure questions
• Ten FCPA basics
• Your 15 step compliance roadmap for FCPA
• FCPA compliance programs
• Testing for FCPA violations in the P2P process
• What to do if you spot an FCPA issue
• Case studies
• FCPA resources
• Questions and discussion

Who Will Benefit:

• CFOs
• Controllers
• Corporate Finance and Accounting Executives
• Directors of Shared Services
• Accounts Payable Directors and Procure to Pay (P2P) Executives
• Accountants
• Risk Managers
• Compliance Managers
• Auditors

Instructor Profile:

Chris Doxey, CAPP, CCSA, CICA, CPC, spent most of her career implementing leadership teams and processes in her quest to fight fraud and implement internal controls at Digital Equipment Corporation, Compaq Computer Corporation, and Hewlett Packard. She held senior finance and accounting positions which allowed her to develop and implement standards of internal control for all aspects of financial operations – focusing on the procure to pay (P2P) process. She was recruited to assist WorldCom (MCI) with the implementation of internal controls, policies, and corporate governance in 2003. She developed a program for entity level internal controls, developed ethics training plans and programs, implemented delegation of authority and segregation of duties policies, and systems access controls.

Ms. Doxey uses her background and passion as a management consultant and helps her clients implement internal controls and leading practices across financial operations. She also developed the controller's certification program for the Institute of Finance and Management (IOFM) and the certified procure to pay (P2P) professional program for PayStream Advisors. She is a published author and sought after speaker. She also writes articles, blogs, and whitepapers for professional organizations and solution providers and provides several webinars and presentations throughout the year.

She holds a BA in English, a BS in Accounting, a Master’s in Business Administration, and a Graduate Certificate in Project Management. She is a Certified Accounts Payable Professional (CAPP), holds a Certification in Controls Self-Assessment (CSA), is a Certified Internal Controls Auditor (CICA), and is a Certified Professional Controller (CPC).

Topic Background:

The biggest problem is the failure of U.S. business managers and in-house counsel to focus on what needs to be done and to dedicate the resources necessary to protect the company. From the government’s point of view, if a U.S. company is doing business outside the U.S., it is obligated do that business in compliance with the law. The DOJ and SEC have stated the required elements of a reasonable compliance program and expect every company to establish and run an adequate FCPA compliance program. This webinar will provide the guidelines to help your company establish a FCPA compliance not only for your P2P process – but a program that is transportable throughout your company.

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