Phoenix-based Corpedia Corp., a specialist in compliance and ethics programs, recently announced its Foreign Corrupt Practices Act (FCPA) Risk Assessment solution to help organizations effectively identify, prioritize, and mitigate ethical and legal compliance risks associated with bribery and corruption.

The solution uses quantitative and qualitative measures to help determine the depth of a company’s exposure to bribery- and corruption-related risk. By using a combination of Web-based tools, interviews, surveys, and document evaluation techniques, Corpedia is able to assess systemic risk, industry risk, and organizational risk, and to identify, measure, and monitor FCPA risks.

The Corpedia analysis provides your organization with an essential understanding of the causes of relevant risks, identifies the mitigating and aggravating factors impacting those risks, highlights the strengths and weaknesses of your FCPA program, ranks and prioritizes the risk areas, and provides recommendations on how to respond to such risks.

Risks are then prioritized on the basis of both likelihood and severity of a given risk event. Corpedia analyzes your FCPA program structure; compliance processes; internal policies, procedures and controls; due diligence, monitoring and auditing; training and communication; compliance and ethics environment and culture; and employee intent, awareness, and knowledge.

The assessment looks at more than just fines, penalties, and legal costs—it also examines employee turnover, reputational impact, stock market reaction, the damage resulting from loss of business, and more.

The benefits of Corpedia’s FCPA Risk Assessment solution include:
• Fully scalable to allow focus on particular program component, business unit or jurisdiction/geography versus a comprehensive, company-wide assessment
• Sufficiently routinized and templatized to make the project time and cost efficient
• Provides an affirmative defense in the event of any compliance failure
• Ensures that you meet the expectations for risk assessment outlined in the Federal Sentencing Guidelines
• Addresses the risk relevant to your organization
• Provides an optimal blend of qualitative and quantitative analysis and metrics, allowing for objective risk management, tracking, and trend analysis
• Ensures that the data is collected in a secure environment with defined data destruction routines
• Fully aligned with the essential components of the COSO’s Enterprise Risk Management—an integrated framework which provides clear direction and guidance for enterprise risk management
• Can be performed under the umbrella of attorney-client privilege

For more information on Corpedia’s FCPA Risk Assessment solution, log onto www.corpedia.com or call (602) 712-9919.