FacultyFaculty/Author Profile
Philip K. Riley

Philip K. Riley

PwC
Director, Forensic Services
Chicago, IL, USA


Philip leads PwC’s Forensic Services practice in Minneapolis with extensive experience the investigation and risk assessment of fraud and corruption, and in forensic accounting, risk management, governance, and disputes.

He has over 15 years’ experience conducting forensic accounting investigations and risk assessments in a range of industries, including pharmaceuticals and life sciences, financial services, real estate, energy, construction, aviation, manufacturing, technology and entertainment. Philip moved to Chicago in 2012, after 11 years in Sydney, Australia working at PricewaterhouseCoopers Australia. Philip has led a diverse range of forensics engagements responding to allegations of fraud, corruption, non-compliance, serious workplace misconduct, piracy, intellectual property theft, and foreign bribery. Also, Philip has worked with a range of clients in broader operational and strategic risk management, along with internal audit.

Overall Experience Summary

  • Led and worked on an extensive range of investigations of fraud, corruption, embezzlement and employee misconduct across a range of industries throughout the globe.
  • Philip was the key Forensic Director leading a global fraud and corruption risk assessment and compliance program assessment. The work included the overall assessment of the effectiveness of the organization’s compliance program and assessed the effectiveness of how corruption risk was managed globally. Working with the Chief Compliance and Risk Officer, as part of the remediation program Philip led efforts to provide corruption risk management training to key leadership throughout global operations, and in the largest 20 country operations across Europe, Asia, and the Americas.
  • Led a project responding to allegations of significant accounting treatment issues with a potential impact on financial reporting for a public company with manufacturing, distribution and sales operations across 6 key market channels in 90 countries. Worked very closely with external and internal counsel, C-Suite and the company auditors to gather evidence, analyse and provide Board reporting of the accounting impact, if any, of the alleged activity.
  • Led and worked on a range of investigations and assessments related to foreign bribery and corruption issues for clients across a range of industries. Reporting to senior executives and Boards of Directors, the work has commonly included the review and assessment of whistle-blower allegations, gathering of range of electronic, documentary and other evidence, and the analysis of large volumes of accounting and business data and documentation.
  • Led a range of FCPA due diligence and compliance assessments in mergers and acquisitions to provide clients in the deal cycle with information and findings regarding foreign bribery and corruption risk.
  • In the context of a parallel regulatory inquiry and response, worked closely with senior client stakeholders on a significant project to design, develop and implement business and program improvements to remediate of corruption compliance programs. Oversaw multiple work streams to deliver and sustain ongoing improvement in compliance performance.
  • Worked extensively with a range of clients in to assess and manage the risk of fraud and corruption, based on a consistent fraud risk assessment methodology and reporting framework, including benchmarking to good practice
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