Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance, 2nd Edition

Foreword to the First Edition

Today's business leaders operate in an environment of unprecedented opportunity and complexity. The globalization of business grows apace in nearly every industry. The most competitive companies and best business leaders are seizing this opportunity with new products and services that are developed, manufactured, and sold in every country of our planet. Partnerships between companies from different regions of the world are commonplace today; in fact, they are expected. The workforces of the best companies reflect the brightest minds from a multitude of cultures and backgrounds. Technological advances have facilitated the advances of global business practices and in many ways have accelerated the speed of change. Capital markets operate around the clock, rewarding the successful and punishing those who fall short. Media and press coverage and scrutiny have never been as pervasive as today. News made in Cairo, Illinois, reaches a world audience as quickly as news from Cairo, Egypt. Legal and regulatory regimes vary dramatically from both a regional and national perspective. The largest market, the United States, recently enacted the most sweeping reform of public companies since the 1933 and 1934 Securities Acts. It is accurate to characterize this period as one of the most complex and exciting in the history of capitalism. There is unprecedented opportunity and complexity.

To seize the opportunity and manage the complexity, business leaders are elevating ...