Compliance and regulatory requirements now make third party monitoring a vital business practice Failure to monitor third parties can put businesses at enormous risk - particularly for bribery and corruption - and cost businesses financially and reputationally. Yet, given these risks, only 23 percent of U.S.-listed companies exercise their rights to audit third parties, and less than three-quarters identify risky intermediaries according to a new survey by KPMG International titled: Anti-Bribery and Corruption: Rising to the challenge in the age of globalization.
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