Posts cover the costs of corruption of all kinds. Such costs include, but not limited to, those associated with and have negative impacts on the rule of law, public funds, and resources, education, healthcare, poverty, civil society, economic sustainability, foreign direct investment (FDI), interest rate, citizenship, and citizens trust in public institutions.
These posts also cover the negative consequences of corruption on the proper separation of powers (legislative, judicial, and executive), and tax collections.
Technical StaffJune 12, 2023Understanding the Motives Behind Corrupt Acts by Senior ManagementWhenever a corruption scandal is uncovered and involves senior management, there is a question that most of the stakeholders ask: why did they do it? Those charged with governance, legislatures, regulators, and other stakeholders should always understand what motivates...
Technical Staff May 23, 2023In today’s complex business landscape, the critical issue of corruption looms as a persistent threat. Its damaging impact can erode trust, impair reputations, undermine human rights, wipe out innovation, and pave the way for money laundering and financing terrorism: it is the cancer of nations and...
Technical StaffMay 15, 2023Corruption can cause severe damage to businesses of all sizes and tarnish their business image. It can harm a company’s reputation, employee turnover and morale, productivity, financial performance, and long-term success. Sometimes, corruption wipes out well-established companies! Therefore, small and medium-sized business owners must proactively prevent corruption...
Technical staffApril 24, 2023AbstractIn this piece, we delve into the reasons behind a nation’s inability to succeed, focusing on internal and external factors. Factors that originate internally, such as weak institutions, corruption, and conflict, can all act as obstacles to a country’s growth and prosperity. In addition, external events, including...
Mike MasoudApril 11, 2023Corruption is a pervasive issue worldwide and can take on many forms. Its detrimental effects weaken democratic institutions and hinder economic growth and sustainability. Thus, establishing an ethical framework to prevent corruption is imperative. This post discusses how ethics plays a crucial role in curbing corruption.Primarily, ethics...
Technical StaffFebruary 15, 2023The audit profession in Arab countries can be traced back to the early twentieth century when the region’s first accounting and auditing firms were established. The audit profession has evolved and developed in response to changing business and societal needs.Initially, the auditors’ primary responsibility was to ensure...
Technical StaffJanuary 26, 2023An Unexplained Wealth Order (UWO) is a legal tool used in the United Kingdom to investigate and recover assets suspected of criminal proceeds. UWOs require an individual or a business to explain the source of assets disproportionate to their known lawful income. The assets may be seized if the...
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