Companies and their Boards are struggling with increased regulatory burden and the risks associated with operating in emerging markets. Regulators are challenging corporate compliance and governance models as companies aim to mitigate risk while shareholders expect growth. The changing landscape for cross-border disputes, bribery and corruption and cyber-crime continues to test compliance and governance models, especially in new markets.
Brian Loughman, the EY Americas Leader for Fraud Investigation & Dispute Services (FIDS), commented, “Our clients are continually looking for ways to improve their approach to anti-bribery and corruption risk in emerging markets. However, we see related risks gaining traction with multinationals as well as industry specific risk issues that will persist into FY14. FIDS has identified six key themes where we expect our clients to focus in 2014.”