As the economic downturn intensifies, the possibility of disputes and other difficulties arises more frequently. And when rules are broken—unintentionally or otherwise—organizations are exposed to risks and problems that they are often not used to dealing with, from fraud and abuse to errors and differences in understanding.
Whether these challenges involve dealing across borders with customers, joint venture partners, and foreign governments, or whether they are localized to your own country, they may involve different business cultures and legal systems, as well as unfamiliar regulatory and accountability requirements. Every organization is vulnerable. The risk is real and worrisome.