A relatively young business area of compliance is rapidly gaining importance all over the world. An effective compliance risk management program can bring many benefits to an organization of any size, including increased overall productivity.
This practical guide demonstrates step by step how to prevent, detect and respond to violations of business ethics and compliance, taking into account key international and Russian regulatory requirements, trends in their implementation, as well as the best practices of well-known corporations.
The book is addressed to compliance managers, corporate lawyers, internal auditors, managers, members of the Board of Directors, as well as students of legal and economic areas and specialties.
Th is paper assesses the proliferation of international anticorruption initiatives, standards, and guidelines. A comprehensive classification of different types of standards with regards to their applicability to anticorruption compliance program set-up is provided. Based on the analysis of benefits and shortcomings of standards, a conclusion is made that in the absence of a clear regulatory framework the effectiveness and efficiency of standards is limited, since they lack accountability per se.
The domain of sustainability reporting has seen a substantial proliferation in recent years. Many standards, guidelines, and voluntary regulatory mechanisms have emerged, yet a specific IFRS on sustainability doesn't exist. This paper provides a critical analysis of desirability for the institutionalization of sustainability reporting in a form of IFRS standard. First, I discuss strengths and weaknesses of IFRS and their adoption. Next, I delineate the complex multi-dimensional nature of accounting harmonization and specifically highlight the existing barriers to the successful advancement of this process. I provide a justification why a complete convergence of national accounting standards is unlikely and even undesirable, given the diversity of cultures, enforcement mechanisms, tax and legal systems around the world. In the final section I review the concept of sustainability in its breadth and depth, and analyze how the usage of analogy to financial reporting may impose constraints on the scope of sustainability development goals. By contrast to financial reporting, sustainability reporting is addressed to a much wider group of stakeholders whose engagement is crucial for meaningful sustainable development goals. The paradigm of the IFRS does not render possible embracingthis wider scope, therefore, their applicability for the purposes of sustainability reporting is limited.
The relatively young business area of compliance is rapidly becoming increasingly relevant around the world. An effective compliance risk management program can bring many benefits to an organization of any size, including increased overall productivity. This practical guide demonstrates step - by-step how to properly prevent, detect and respond to violations of business ethics and compliance standards, taking into account key international and Russian regulatory requirements, trends in their implementation, as well as best practices of well-known corporations. It is addressed to compliance managers, corporate lawyers, internal auditors, managers, members of the board of directors, as well as students of legal and economic fields and specialties.
In the article the author provides a review of the concept of bribe and its types in the context of Russian and international exterritorial anticorruption legislation. The article discusses the forms under which bribery may appear in day-to-day business operations of an organization.
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