Corporate Compliance Plan For General Research Paper

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PENALTIES - CIVIL & CRIMINAL There are statutes that impose penalties both civil and criminal for government contractors who commit fraud, waste or abuse. Some of those statutes are as follows:

False Claims Act;

False Statements Act;

Forfeiture Statute;

Anti-Kickback Act

Bribery and Gratuities statutes;

Mail and Wire Fraud statutes; and the Public Integrity Act and recent legislative initiatives to strengthen criminal penalties for violations of conflict of interest laws. (Peckar & Abramson, 2007)

The government has the right to audit the records of the contractor for up to three years following a contract for the government being completed. Companies with contracts exceeding $5 million are required to: (1) post a fraud hotline poster; (2) establish a written code of ethics; (3) establish an employee ethics and compliance training program; and (4) establish an internal control system. (New Rule for Government Contractors, nd)

SUMMARY & CONCLUSION

The Corporate Compliance...

...

Construction Update January 2007. Lorman Education Services. Jan 2007.
How to Design and Implement a Corporate Compliance Program (2008) AHCA. Online available at http://www.ahcancal.org/facility_operations/ComplianceProgram/Pages/default.aspx

New Ethics Rule for Government Contractors, (nd) Contractor Code of Business Ethics and Conduct. Online available at http://corporatecompliance.org/Content/NavigationMenu/Resources/IssuesAnswers/NewRuleGovContractors_summary.pdf

Sources Used in Documents:

Resources/IssuesAnswers/NewRuleGovContractors_summary.pdf


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