Our client is a major automotive OEM. Although production largely takes place in the UK, the company has a presence in the majority of countries across the world either through purchasing activity, direct sales or through its franchise network of dealerships. Mazars was selected to review the company’s ethical processes and procedures with reference to new legislation introduced in the UK.
As a multinational company undertaking both importing and exporting activities, the generic risk of non-compliance by our client with the UK Bribery Act was high and hence their request for an independent bribery risk assessment to be undertaken.
Mazars undertook a bribery risk assessment of the client's key activities both within the UK and overseas and, from this, developed an action plan to further enhance the anti-bribery control framework. The client’s entire value chain was evaluated, including: Legal and Compliance, Finance, Production, Purchasing and Stores, Supply Chain, HR, IT, Marketing and Design Development.
Our client was able to gain a better understanding of where it was most exposed to the risk of bribery and could begin to address weaknesses in internal controls to minimise the risk of a corporate charge under the new UK Bribery Act