Organizations must assess corruption risks regularly to identify potential vulnerabilities, implement appropriate preventive measures, and ensure that their systems and controls are robust and effective. Failure to do so can have serious consequences, including legal and reputational damage, financial loss, and a loss of stakeholder trust and confidence.
Technical StaffFebruary 20, 2023An anti-corruption policy is a set of guidelines and procedures a company establishes to prevent, deter, detect, and correct corrupt practices on time. The policy outlines measures that employees and business partners must follow to prevent corruption, bribery, fraud, and other unethical practices, as well as the...
Exam UnitJanuary 15, 2023AnnouncementAttention all decision makers and professionals interested in furthering their knowledge and skills in the fight against corruption! The American Anti-Corruption Institute (AACI) is pleased to announce the availability of the 2023 edition of the Certified Anti-Corruption Manager (CACM) Review Textbook. The CACM Review Textbook Ed. 2023...
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...
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