workplace fraud (internally instigated fraud);
externally instigated fraud;
financial statement manipulation;
bribery and corruption (local);
bribery and corruption (international);
money laundering; and
concealed liabilities and expenses;
improper disclosures; and
improper asset valuation.
Businesses must consider the effect of bribery on their local operations—the risk of someone corrupting the integrity of the business by paying or receiving bribes and the financial effect on the business if that occurred.
Businesses operating offshore may also need to be concerned about the same risks in other countries as well as complying with anti-bribery legislation in the countries in which they operate.