Despite governments’ and regulators' efforts to reduce fraud, economic crime continues to be an issue to businesses in Canada and around the world. Even when organizations have controls in place to detect economic crime, these can often be rendered ineffective by management override or collusion. PwC can help your organization take preventative steps to limit its exposure to fraud and establish a process to manage a crisis, should one occur.
Corporate crime poses a real and substantial threat to the stability of any organization. Dealing with fraud and financial investigations needs more than simple know how: it requires speed, sensitivity and discretion. We can help you prevent illegal activity, safeguard your company's assets and reputation, prevent recurrences and find a resolution with as little disruption as possible to your business.
The financial and reputational risks of economic crime and disputes can be significant. Our team of experts gives your organization the support and solutions you need to investigate, analyze and resolve potential and actual crises, regardless of complexity or urgency.
When you’re faced with challenging situations that may involve financial, regulatory or legal implications, we apply our forensic, investigative and technical skills to help you make intelligent and informed decisions.
Cleaning up corruption
Why anti-corruption compliance is now on the C-suite radar
We look at some of main developments in the IFRS context with a selection of reporting topics that are of most practical relevance to oil and gas companies’ activities. The new standards on joint arrangements, consolidated financial statements and disclosure of interests in other entities will be of particular interest to companies in the oil and gas sector.
Corruption of Foreign Public Officials Act
Anti-corruption enforcement intensifies in Canada
As Canadian companies increase their presence in emerging markets, both individuals and corporations are cautioned to take heed when it comes to violating Canada’s anti-corruption measures. As witnessed in recent high profile media accounts, Canadian officials have intensified their prosecution of anti-corruption violators.