PricewaterhouseCoopers LLP targets company integrity risks with new corporate intelligence director

Published at 12:48 PM on 12 February 2008

PricewaterhouseCoopers LLP has appointed a new director to its forensic services practice. Mark Anderson will lead the development of the practice’s corporate intelligence services. The news follows the recent appointments of directors in London, Edinburgh and Belfast, all specialising in employment screening. Mark Anderson previously held senior corporate intelligence positions at Deloitte and The Risk Advisory Group. Corporate intelligence work involves the identification, analysis and corroboration of public record information and market intelligence to help mitigate risks in third party relationships. Andrew Palmer, head of forensic services, PricewaterhouseCoopers LLP, said: “In today’s global markets, organisations are increasingly faced with significant integrity risks and regulatory supervision in their dealings with third parties. The consequences of an organisation failing to manage those risks can lead to financial and regulatory penalties, as well as irreparable damage to reputation. Corporate intelligence already forms a vital forensic tool in internal investigations we undertake for clients, but there is increasing demand for assistance in due diligence on prospective licensees, agents, consultants, intermediaries and suppliers.” Integrity risks such as fraud, corruption, political exposure and criminal or unethical behaviour are also of growing concern to multinational companies and financial investors undertaking transactions in emerging markets. In the recent PricewaterhouseCoopers Global Economic Crime Survey, companies investing in emerging markets perceived corruption and bribery to be the most prevalent type of fraud and reported greater incidence of fraud following structural changes such as an acquisition. Ian Durrans, partner, transaction services, PricewaterhouseCoopers LLP, added: “Our clients are increasingly engaging in complex, cross-border transactions with an emerging market component. While these are exciting opportunities, there are often significant risks involved which may not be fully identified by core due diligence activities, particularly where clients are given limited access to information. In such circumstances, the service that Mark Anderson’s team now offers can be vitally important in understanding, evaluating and mitigating such risks.” ENDS

Notes to Editors:

PricewaterhouseCoopers Forensic Services operates within the member firms of PricewaterhouseCoopers International Limited across over 50 countries and can deploy experienced and knowledgeable teams to manage and mitigate the threat of corporate crimes and achieve the best possible outcomes. Using in-depth forensic accounting and corporate investigation skills allows clients to continue their business, recover lost funds, and halt further economic losses. The expertise to assist organisations investigate and manage the many risks associated with fraud, abuse and dishonesty comes from the experience of the international staff and their backgrounds in forensic accountancy, forensic IT and private sector investigations as well as regulatory work and law enforcement. 


For more information contact:

Stephanie. Howel
BRS PR Senior Manager, PricewaterhouseCoopers LLP 
Tel:020 7213 2421 
Mobile:07734 456 098

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