Mike MasoudJanuary 15, 2023Prevalence of the rule of law is one of the Ten Principles of Fighting Corruption promulgated by The American Anti-Corruption Institute (AACI). The lack of the rule of law in communities and countries can manifest in various ways. Some of the most well-known manifestations include:Corruption: Corruption thrives...
November 29, 2022Technical Staff FTX is a cryptocurrency exchange that allows users to buy and sell crypto assets. Cryptocurrencies all share the same basic structure as their star asset, bitcoin: a publicly accessible “blockchain” that records ownership without controlling central authority. FTX is significant because it, along with its competitor...
October 29, 2022Technical StaffWhen corruption becomes the norm rather than the exception, the quality of life declines, and social values change. For example, the rule of law diminishes, bribery payment becomes usual and acceptable, nepotism becomes a pride source, and connections are the actual qualifications! People’s morale deteriorates, and the...
October 24, 2022Technical StaffDefinition 1It is an intentional act that uses deception by misstating or omitting material information and results in a misstatement in financial statements to deceive financial statements users.AU-C Section 240, Consideration of Fraud in a Financial Statement Audit, defines fraud as” an intentional act by one or...
October 16, 2022Mike J. MasoudOn June 16, 2022, I wrote an article titled “Conflict of Interests: Prevention is better than cure.” and published it on The AACI’s official blog. I stated in the said article the following:When a person runs for public office, he must give up his private business...
Setting the tone at the top of what is acceptable and not acceptable sets the boundaries of expected behavior and conduct. Those charged with governance and executive management are responsible for establishing proper and adequate policies that encourage honesty and reward integrity. For example, when a company establishes a well-written whistleblowing policy, it should encourage all stakeholders to report wrongdoing. However, organizational leadership should be vigilant and have effective communication with management, employees, and other stakeholders.
August 17, 2022Technical StaffThe following story (click here to read it in its entirety) is a typical example of how kickbacks work, and how they begin small and grow larger and larger. On August 15, 2022, The Sunday Morning Herald published a story titled “Businesswoman gave car, boat, and holidays...
Together, Empowering Tone at the Top
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