At public and private companies alike, individuals involved in illegal activity go to great lengths to keep their misconduct hidden from in-house accountants, internal and external auditors, or legal and compliance personnel. Still, the SEC and the U.S. Department of Justice (DOJ) are able to crack down on schemes in which bribes are paid to foreign officials with the intent to advance business interests. In fact, 57 companies have been charged with FCPA violations by the SEC alone over the past five years.

In the October issue of Journal of Accountancy, Greg Buchanan, Katy Creecy and Howard Scheck analyze areas flagged in SEC enforcement actions from 2014 to 2018 to help companies construct better fraud controls. The authors also shine a spotlight on how organizations can leverage learnings from falsified books and records to more effectively mitigate risk going forward. Click here to read the full article.

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About the Authors

Greg Buchanan

Greg Buchanan

Greg Buchanan, a Partner with StoneTurn, brings 18 years of combined experience in forensic accounting, litigation consulting and auditing. He has extensive experience working on anti-corruption and anti-bribery matters, complex […]

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Howard Scheck

Howard Scheck

Howard Scheck, a Partner with StoneTurn, has more than 25 years of experience investigating public company financial reporting issues—including as Chief Accountant in the SEC’s Division of Enforcement. Howard specializes […]

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Katy Creecy

Katy Creecy, a Manager with StoneTurn, is experienced with providing forensic accounting, investigations, litigation support, and anti-bribery and anti-corruption compliance services. Katy has a wide range of experience in providing […]

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