Artifice professionals bring a practical business understanding to each engagement, working with the client to find a solution that mitigates risk exposure without overly taxing human resources and budgets.
Corporate compliance programs have two main functions. First and foremost, they monitor operations, as well as the work of directors, executives and employees, to protect the company against fraud, waste and abuse. Second, in the event that fraud is detected at a business, the existence of a compliance program that meets certain standards can protect the business, as well as its directors, executives and employees, from criminal and civil liability. Under the law, an entity can be considered vicariously liable for the actions of its employees and agents. More than ever before, businesses, officers, executives and employees also face possible government penalties that could be significant, such as suspension, debarment, delisting, or indictment.
In addition, more U.S. businesses do business outside of U.S. borders today than ever before. Opportunities abound for international business consolidations and expansion within our globalized economy, sometimes in countries where practices not acceptable within the U.S., such as bribery, are intrinsic in the culture and business practices. Accordingly, with these great business opportunities come new demands on corporate compliance programs and internal controls, as well as risks to companies, their executives, officers, board members and employees.
Artifice’s experienced professionals are intimately familiar with what government enforcement agencies look for when they evaluate internal controls and corporate compliance programs. Our advisors have been engaged by and relied upon by the DOJ to assess the design and effectiveness of these areas as part of government investigations of criminal activities. Artifice professionals have also been engaged as independent corporate monitors to advise on and monitor the remedial measures that companies take to make their internal controls and corporate compliance programs conform to the terms of their agreement with the government.