How to Surmount Obstacles and Enforce Third-Party Audit Rights

Third parties are one of the largest sources of corruption risk, but companies still struggle with creating effective third-party audit programs. A lack of resources, pushback from company business units and reticent third parties are all common hurdles that compliance departments face. During a recent webinar, the Anti-Corruption Report’s Editor-in-Chief, Nicole Di Schino, discussed how to overcome these challenges with Palmina Fava, a partner at Paul Hastings, Edward Fishman, a partner at Nossaman, and Marc Shanker, managing counsel at Oracle. See our three-part series on enforcing audit rights, the next third-party management frontier: “What to Do Before an Audit” (Nov. 9, 2016); “Conducting an Onsite Audit” (Dec. 7, 2016); “Forestalling Problems, Documenting the Audit and Responding Appropriately” (Mar. 1, 2017).

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