The AACI Blog Page - The American Anti-Corruption Institute (AACI)

23 Mar

The Board Members’ Anti-Corruption Literacy

Posted by The AACI Costs of Corruption, Governance, Internal Control, Learning Programs, Opinions, Principles of Fighting Corruption

As corruption is a business risk, the board members should take all the necessary measures to prevent, deter, detect, correct, and punish culprits….

14 Mar

The Independent Financial Statement Audit and Corruption

Posted by The AACI Academia, Governance, Internal Control

Even if the independent auditor delivers an unqualified (clean) audit report, it implies that the financial statements may still contain serious misstatements that the auditor was unable to identify.

11 Mar

The Duties of The Anti-Corruption Commission

Posted by Mike Masoud Governance, Learning Programs, Opinions, Principles of Fighting Corruption

Mike J. MasoudMarch 11, 2022 Each country that ratified the United Nations Against Corruption (UNCAC) should comply with its provisions. Article 6 of the UNCAC requires member states to “ensure the existence of a body or bodies, as appropriate, that prevent corruption.” Countries must have an Anti-Corruption Commission to comply […]

28 Feb

The Corruption Power of Destruction

Posted by The AACI Business Ethics, Costs of Corruption, Governance, Internal Control, Opinions, Principles of Fighting Corruption, whistleblowing

Technical StaffFebruary 28, 2022 When corruption pervades a company, its culture and ideals are gradually altered. Corruption will destroy the organization if the leadership does not act quickly. A diligent leadership should scan its corporate environment regularly to detect corruption risks before it becomes uncontrollable. Corruption is cancer that afflicts […]

22 Feb

Swiss Banking Secrecy Practices and Corruption

Posted by The AACI Business Ethics, Governance, Human rights, Internal Control, Opinions, whistleblowing

Technical StaffFebruary 22, 2022 The revelations of this massive leak are chilly, fearful, shameful, and alarming. The Guardian report says that Credit Suisse has been hit with at least a dozen penalties and sanctions over the last three decades for tax evasion, money laundering, purposeful violations of US sanctions, and […]

15 Feb

The Significance of Internal Control While Fighting Corruption in the Private Sector.

Posted by Mike Masoud Costs of Corruption, Governance, Internal Control, Principles of Fighting Corruption

Mike J. MasoudJanuary 15, 2022 The private sector should get engaged in the fight against corruption. In most countries, the private sector is effected and affected by the prevalence of corruption. Article 12 of The United Nations Convention Against Corruption (UNCAC) sets the expectations and requirements the private sector should […]

09 Feb

Results-Oriented Fight Against Corruption

Posted by The AACI Costs of Corruption, Governance, Types of Fraud and Corruption

Technical StaffFebruary 8, 2022 Nobody can pretend that the fight against corruption is simple. On the contrary, it is a difficult but winnable battle. And it needs proper and adequate preparation. Fighting Corruption The American Anti-Corruption Institute (AACI) defines fighting corruption as follows: “Fighting corruption is a process effected by those […]