Copenhagen Charter Bribery, Fraud and Corruption Certification is an assessment in executing a structured system of controls, tests, procedures, protocols and guidelines, created to develop and endorse International standards, best practices and regulatory compliance to combat Bribery, Fraud and Corruption across the company's Corporate Governance, Risk Management, Compliance and IT-Security (BFC) responsibilities and activities.
Concerns over the entire package of GRC responsibilities, have been heightened by revelations of certain improprieties over the past years. This uncertainty has sent ripples to organisations and companies. Others have concentrated their efforts to implement better standards to combat Bribery, Fraud and Corruption thru the Copenhagen Charter certification process. Copenhagen Charter Fraud and Corruption Certification relates to a complete and thorough review of the business processes and monitoring processes related to the company or organisation. The certification ensures sustainable security, quality, keeping proper records, tests, root cause analysis, defaults, business continuity, confidentiality, internal controls and regular review of processes for effectiveness. For more read here