Description: SNC-Lavalin, the Canadian engineering giant, has been charged by the RCMP for bribery. These charges stem from SNC-Lavalin’s alleged bribes to Libyan officials of at least $47.7 million. The company could also face additional charges according to the Globe and Mail.
Source: Globe and Mail.com
Date: February 19, 2015
1) If you were an executive at SNC-Lavalin, what strategy would you put in place to respond to these charges?
2) If you were an auditor of SNC-Lavalin, how would the news of these charges affect your assessment of audit risk?
3) How should a Canadian company respond when doing business in countries where bribes might be seen as just a normal part of a commercial transaction?