Risk audit and gap analysisOur full assessment of your integrity risks and compliance gaps will enable you do to business anywhere in the world with confidence.
Why a risk audit and gap analysis is essential
Countries worldwide are waking up to the damage bribery, corruption and modern slavery does to their society and economy. Anti-corruption laws are getting tougher, at a time when many more companies are moving into new markets. Some of these markets may have a higher risk of corruption. You need to know where the potential problems lie both inside your organisation and with external partners and suppliers – and how to prevent them.
How the ethical risk audit works
Calling on our many years of hard-won experience, Interchange will conduct an in-depth audit of your business and its value chain to identify and quantify risks of bribery, corruption and modern slavery. We can also provide guidance and a review of your Corporate Social Responsibility (CSR) or the appropriate elements of your ESG programme. (societal and governance elements)The ethical risk audit will indicate integrity weaknesses so you can reduce the likelihood of an incident or criminal allegation.– with all the financial and reputational costs that would bring. It gives you the certainty you need to get on with doing business.
We can provide a regular ethical risk audit that will help you avoid nasty surprises by checking compliance right across your organisation and its value chain. We can also carry out spot-check audits of areas of high risk on your behalf if you do not have the resources.
From our findings, we will recommend how to address the vulnerabilities in your organisation through changes to policies and procedures and other remedial business measures.
We can audit your company’s anti-corruption procedures against the requirements of the UK Bribery Act, and ISO37001, where required the US Foreign Corrupt Practices Act, the guidance to the Modern Slavery Act 2015 and SA8000 (an auditable certification standard that encourages organizations to develop, maintain, and apply socially acceptable practices in the workplace.)
A risk audit or gap analysis is an essential tool in preparing for the implementation of the ISO37001:2016 standard.
Don’t put off your audit
- Lower risk of corruption and bribery and of non-compliance
- Protect and build reputation
- Support due diligence before a merger, acquisition or joint venture
- Answer a stakeholder request
- Identify training needs
- Don’t be wrong footed
How Interchange is helping leading organisations turn risk into business value
Know your stuff
Upgrade your knowledge about bribery and corruption risks and how to manage them
Latest views and ideas on compliance and anti-corruption issues from our experts
We are delighted to have been asked to contribute to an article in Global Trade Review on the risks associated with conducting business during the Covid-19 pandemic. As an EBA official explained to GTR, it’s important to remain vigilant in the face of unusual...
Interchange Solutions is proud to be a member of the British Exporters Association (BExA), an independent trade association representing the interesting of the export community. We were recently asked to contribute to a piece for BExA’s members on the rise of...
This month Interchange founder, John Burbidge-King was interviewed by Melanie Blackmore on the ISO Show, giving the benefit of his experience around the ISO37001 anti-bribery management systems and the outcomes for criminal behaviour by companies. Many companies don’t...
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