Ernst & Young recently held a seminar on risk compliance for today’s global oil and gas companies. One session in particular during the seminar focused on emerging risk areas in the energy market..
Ernst & Young recently held a seminar on risk compliance for today’s global oil and gas companies. One session in particular during the seminar focused on emerging risk areas in the energy market, which include antitrust, the Foreign Corrupt Practices Act (FCPA) and financial statement fraud. To avoid such potentially damaging missteps, many energy companies are upping their investment in compliance. The addition of chief compliance officers and the hiring of compliance professionals to work in key business regions enable companies to better implement formalized risk assessments and audits on a regular basis. Communication between the compliance, internal audit and legal functions occur
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