Online Anti-Bribery and Corruption Risk Assessment model

Introduction Key Features and Benefits

A clean and competitive global economy is impossible if individuals and companies continue to engage in bribery and corrupt practices. Whilst there are 39 signatories to the OECD Anti-Bribery Convention, including the vast majority of the world’s major exporters and investors, Transparency International the corruption watchdog has criticised the international community since more than half of these have not enforced the rules.

Solution Overview

Understanding the bribery and corruption risks that your business faces is critical in international business dealings. Our experts have developed a cloud-based online anti-bribery and corruption enterprise risk assessment model that allows organisation’s to assess the risks across a variety of risk dimensions and over 300 different risk factors.

The core bribery and corruption risk dimensions featured in the model include: Internal risk factors - Board oversight, ABC policy

and procedures, encouraging staff behaviours, financial management, ABC risk assessment, ABC training and independent assurance reviews

External risk factors - appointment of agents and other intermediaries, joint ventures and consortiums, use of third party agents, contractors or business partners and procurement

Country / Territory / Jurisdictions - assessment of the bribery and corruption risks associated with different countries and territories.

The online anti-bribery and corruption risk assessment is fully customisable - questions, dimensions, scores and weightings can be added, modified or removed on an individual or grouped basis.

Features Designed by subject matter experts Cloud-based fully hosted solution – access

the tool any time from anywhere Broad industry sector coverage – 25+ Comprehensive question coverage - 300+ Easy to customise to suit your requirements Flexible risk assessment methodology –

add/remove/modify questions, change scores, relative weightings and dimensions

Easy to use and deploy – fully operational immediately and very intuitive

Ability to assess single dimensions or complete a full assessment

Contains useful reference data on red flags, checklists and good/poor practices

Provide context to each assessment and retain full audit trail

Assess the inherent (likelihood x impact) and overall risk rating – considering mitigating controls

PDF of risk assessment report produced as an artifact of a completed assessment

Benefits Cost effective – starting from just $1,999 Understand the bribery and corruption

risks your business typically faces Identify areas of control weakness and

develop mitigating actions to reduce risks Full audit trail – retain and compare

current and historic risk assessments Satisfy regulatory requirements for

conducting an ABC risk assessment Risk assessment tool can be self-directed

or expert guided and is easy to use Easy to deploy across your organisation.

 

             

 Select the Industry Sector

Simply select the assessment type, name the assessment and select a relevant sector. Our experts have included over 300 different risk factors in the anti-bribery and corruption risk assessment tool, which have been calibrated and weighted according to the industry sector. There are over 25 industry sectors that can be assessed. Additional questions can be added in an instance – you have full control of the risk assessment tool and can tailor to suit your requirements.

Audit History All in-progress and completed risk assessments are retained with the tool – these can be viewed or exported to a PDF at any time.  

   

 

Conduct the risk assessment Each risk factor is described with an assumption outlining the rationale behind the risk and has been assigned a default weighting. Simply assess the likelihood and impact to determine the inherent risk rating and assess and describe the effectiveness of the control to calculate the residual risk.    

   Review the results A PDF report is created summarising the normalised and maximum score for each category within the risk assessment, highlighting the relative risks. All ranges are configurable to suit your requirements.

 

               The results of the bribery and corruption risk assessment are also plotted onto the risk matrix, which summarises the distribution across all risk factors.

   Plans and Pricing Pricing is tiered depending on the size of the organisation and additional users can be added easily.

                                           

Contact Us For more information or to arrange a demonstration please contact us on +61 (02) 8001 6433 or email us on - info@antibriberyriskassessment.com