Government Monitor Support Services

A rising trend

Government monitors are a rising trend in corporate accountability and the legal resolution of regulatory disputes. These independent third parties, appointed in the wake of settling civil or criminal enforcement cases, serve as an extension of the government in overseeing the implementation of settlement terms. Fulfilling these terms is essential if the company is to restore trust with its regulator.

But government monitoring is often seen as disruptive, drawing resources away from critical day-to-day business operations. These internal resources may, besides being required to fulfill additional responsibilities and priorities, lack experience working with government monitors and regulatory agencies.

In addition, areas under scrutiny can span multiple divisions and geographies. Under these circumstances, issues and process breakdowns can remain opaque and un-remedied without the necessary local resources and experience to assist.

Finally, the considerable cost that accompanies a government monitoring situation can be a source of ongoing frustration and friction for companies that lack insight into, or ways to derive, potential near- and long-term benefits that both meet the monitoring requirements, and drive value for the business.

Deloitte can help your organization bridge these gaps, assist counsel in communicating the effectiveness of remediation efforts to both regulators and the monitor on your behalf and help you take charge of your destiny.

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Government Monitor Services—worldwide, end-to-end remediation assistance

Deloitte’s Government Monitor Services team helps with the execution of independent monitoring requirements in a way that maintains focus, delivers value to your business, and helps your organization fulfill its legal and regulatory requirements. By integrating a range of disciplines from across the Deloitte network, our team supports your efforts to:

• Assess your existing compliance programs, controls, and systems
• Enhance existing programs, controls, and systems
• Establish strong monitoring, auditing, and testing programs
• Deploy enhanced whistleblower and helpline programs
• Establish robust incident management and internal investigation procedures, including government fraud investigations
  
• Provide global, on-call forensic accounting and investigations assistance
• Support corporate IT departments and counsel in developing and managing global data warehouses to help respond to litigation and regulatory demands and ongoing information requests from the government monitor.
• Provide advanced data analytics capabilities to enable rapid responses to the needs of the government monitor.

Our Government Monitor Services team has worked with companies in many different capacities: As independent regulatory specialists and compliance consultants—even as government monitors ourselves under certain circumstances. This has given us the breadth of necessary experience to assist companies and their counsel in interacting effectively with government regulatory agencies and monitors in a remediation context. This can translate into a smoother path to remediating internal control and business process gaps, achieving full compliance with settlement and deferred prosecution agreement (DPA) requirements, and helping support a timely exit from the monitor arrangement.

We work with clients and their legal advisors to develop an approach that is:

• Proactive—identifies objectives and key success factors upfront, to guide engagement with the monitor
• Accelerated—augments your efforts to deliver on the objectives, with an eye to timely exit of the monitorship
• Strategic—emphasizes solutions that not only satisfy the monitor but create the groundwork for bottom-line business improvements

Deloitte can help you realize value beyond compliance, thanks to our:

• Extensive experience assisting companies and law firms in government monitor situations
• Cross-industry insights from our work in automotive, manufacturing, financial services, life sciences, and other industries
• Broad professional competencies drawn from the full suite of Deloitte services
• Rapid response capabilities to help address time sensitive requirements
• “Boots on the ground” to assist at virtually any location around the world

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Our experience

Deloitte has supported government monitoring initiatives across many industries. Recent examples include:

Consent order execution. We are helping a major global automobile company carry out the terms of a three- to four-year consent order. At the same time, we are helping the company and counsel coordinate activities among regulators and the federal monitor on the company’s behalf.

Global “on call” investigation support. A multinational firm fell under a four-year DPA and federal monitor arrangement for violations of the US Foreign Corrupt Practices Act (FCPA). Deloitte worked with the US monitor to assist in the execution of key requirements of the monitorship from the company’s home location in Europe, delivering on-call investigations and data management services while providing investigation results to the federal monitor on the company’s behalf.

Internal control and accounting systems transformation. Due to FCPA violations, a global manufacturing and financial services company accepted a three-year DPA along with the appointment of a federal monitor. Deloitte worked with the company to implement the terms of the DPA and interact with the monitor. We also helped the company evaluate and enhance its financial accounting systems, business processes, and internal controls to reduce the likelihood of future regulatory violations.

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