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The FCPA Report Quotes Matt Herrington on Audit Committee Responsibilities

February 21, 2014

Steptoe partner Matt Herrington was quoted in an article in The FCPA Report titled "Audit Committee Responsibilities Before, During and After Anti-Corruption Investigations: Five Steps to Take Before the Investigation Begins." The first installment of a four-part series, the article focuses on the role and responsibilities of audit committees in internal investigations and the steps that should be taken before an investigation begins.

Highlighting the risks and liabilities an audit committee can face, Mr. Herrington explains, "It is not uncommon at all for audit committee members as well as senior management members to be sued on a securities or derivative theory for not having done a good enough job, for instance not having an internal control system that would effectively police and prevent violations of the FCPA."

For the full article, please visit The FCPA Report (subscription required).