Corporate Compliance Plan for General Research Paper

Excerpt from Research Paper :

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 Plan that is successful and effective is one that will contain the necessary elements as set out in this work in order to ensure that the company does not breach or violate any laws or regulations during the course of business.

BIBILIOGRAPHY

General Elements of an Effective Corporate Compliance Program (2001) Fighting Global Corruption: Business Risk Management

Report Home Page Released by the Bureau for International Narcotics and Law Enforcement Affairs May 2001

Peckar & Abramson (2007) Contracting with Federal Funds? You Need a Compliance Program. 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 Document:

Resources/IssuesAnswers/NewRuleGovContractors_summary.pdf

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