The American foreign corrupt practices’ acts are not so dissimilar to the Canadian act. There are two provisions namely anti-bribery provision and accountant regulations which tell the people to do not bribe and another more robust provision is the books and record provision. If the American government and the DOJ cannot prove bribery or can get to the quid pro at most time they can get an organization by failure to safeguard the books and records. And hit him an internal control environment this would prevent or detect bribery. So the FCPA Compliance and procedures and policies address the general risk of your company and also your compliance service. Some of the risk assessment is only that most people have difficulty doing because they do not know all the areas of risk in their organization.
Not only FCPA another law named LGRC. This law is found to set up the processes, systems that are used by the corporate departments. LGRC is commonly referring to the tools that are generalized for the management of a company or a corporation. It is classified into two types’ namely legal governance and illegal governance.
The legal governance act is to establish the interpretation process and the rules of legal governance put in the corporate departments to ensure the legal corporation.
Legal risk management
It is the process that evaluates the regulatory and non-regulatory risks. The legal realm process requires some knowledge about some social factors, knowledge of business, and also the economic factor. In