Monday, June 24 | 3:35-4:50 PM
Recommended Prerequisite: Knowledge of and/or experience with the fundamentals of auditing third-parties for fraud and corruption, conducting third-party risk assessments, or performing third-party due diligence
Field of Study: Specialized Knowledge
Using third parties can provide a competitive advantage in the global marketplace. However, doing so also increases the risk and exposure to potential violations of anti-bribery and anti-corruption laws. Effective third-party due diligence is key to mitigating third-party risk and enhancing anti-corruption risk management as an increasing number of ABAC (anti-bribery, anti-corruption) laws across the globe require organizations to conduct business transparently, honestly, with integrity and to the highest ethical standards. Organizations are mandated to comply with and conduct their business in accordance with applicable anti-bribery and anti-corruption laws, and to cause their subsidiaries, affiliates, officers, directors, employees and third-party agents to behave accordingly. For organizations that have hundreds to thousands of third parties, performing adequate due diligence can be challenging, expensive, time consuming and overall ineffective. This session focuses on simplifying the third-party anti-bribery and corruption due diligence process by using effective reviewing and monitoring techniques to select the best third party to grow the business safely while mitigating risk.
You Will Learn How To:
Senior Manager, Global Compliance, Bio-Rad Laboratories
Natasha E. Williams, CFE, CIA, GRCA, GRCP, is a certified professional with more than twenty years combined experience in auditing, banking, compliance, risk assessment, fraud examination and accounting. She served nearly half a decade with KPMG LLP working on various consulting and start-up SOX engagements prior to joining Bio-Rad Laboratories in 2005. Her specialty is auditing, compliance, risk management, fraud prevention and detection and overall development of strong internal controls. Williams manages a global team and has supervised audits in more than fifty countries across the globe. She has experience consulting for small start-ups, as well as working with large, matrixed, complex, multi-location and global companies.
In 2016, Williams joined the Board of Directors of the International Center for Reciprocal Training, an educational start-up in Palo Alto, California, lending her expertise and sharing her eagerness to motivate and inspire the next generation of multinational professionals; assisting them to build aptitude, increase their business acumen and to develop the talent and interpersonal skills necessary to be a proficient professional in the global workforce.
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