Monday, June 24 | 3:35-4:50 PM
CPE: 1.5
Level: Intermediate
Recommended Prerequisites:
- Experience in FCPA and anti-corruption investigations
- Exposure to external audit report and opinion issuance
- Exposure to multi-jurisdiction and attorney-client privilege issues pertaining to confidentiality
Field of Study: Specialized Knowledge
The Car Wash Operation (Operação Lava Jato) hit the top of the U.S. Department of Justice (DOJ) list of FCPA penalties paid by companies involved in corruption schemes. Odebrecht and Petrobras alone paid $2.6 billion and $1.8 billion, respectively,
to regulators for their roles in massive corruption. However, the Car Wash Operation also hit companies from Singapore, the Netherlands and the U.K., and it reached more than 30 countries. Presidents and politicians in more than 10 countries
were sentenced to jail.
The challenges of a complex and multi-jurisdictional investigation and the impact of its findings for accountants, attorneys and external auditors created a new paradigm for CFEs in Brazil, and the lessons learned can help CFEs around the world.
The investigation included forensic technology tools, background searches, interviews, transaction tests, data analysis, reporting and a complex management system. Learn from the experience of someone who lived inside this turmoil for the
last four years.
You Will Learn How To:
- Plan, execute and manage a complex investigation
- Apply best practices for reporting to investigations committees and external auditors