Relevant internal control posts. They cover best practices, principles, publications, news, stories, and significant updates. The AACI adopts the COSO’s internal control definition, implementation guidelines, and literature.
June 23, 2020 Today Sky News reported that “the former chief executive of payments firm Wirecard has been arrested amid an accounting scandal that centres on a missing €1.9bn (£1.7bn). Markus Braun had resigned on Friday after the company revealed that auditors could not find accounts containing the money.[note] Skye...
June 12, 2020 Impacts of COVID-19 Pandemic Due to the COVID-19 pandemic, we replaced the two days CACF review course and exam with a blended online CACF review course. Though, we are committed to delivering the two days CACF review course and exam “when it is possible“! Blended Online CACF...
May 25, 2020Mike J. Masoud [note] Mike Masoud, CPA, CACM, CFE, MBA is the Sr. Director of The American Anti-Corruption Institute (AACI) in the Middle East and Africa. You may reach him at Mike@THEAACI.com [/note] Last month, The AACI published a conservative blog about the NMC Health Plc scandal entitled:...
May 14, 2020 On February 28, 2020, Bob Rijkers, senior economist [note] https://www.worldbank.org/en/news/video/2020/03/03/elite-capture-of-foreign-aid accessed on May 14, 2020, [/note] at the World Bank, presented the results of a Policy Research Working Paper on “Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts.” You may watch the 51 minutes video...
Technical StaffMay 11, 2020 On February 19, 2020, the World Bank published a working paper, entitled ‘Elite Capture of Foreign Aid,’ [note] Andersen, J., Johannesen, N. and Rijkers, B., 2020. Elite Capture Of Foreign Aid: Evidence From Offshore Bank Accounts. [online] Documents.worldbank.org. Available at: <http://documents.worldbank.org/curated/en/493201582052636710/pdf/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts.pdf> [Accessed 11 May 2020]. [/note] where the...
May 5, 2020 Ernst & Young (EY) faces difficult times where its audit for specific clients are under investigation by the UK watchdog and other regulators. The following are limited relevant news that forms developing stories. May 4, 2020 Watchdog investigates EY audit of scandal-hit NMC HealthMove piles further pressure...
April 30, 2020Technical Staff Since last December, the fraud and corruption red flags came out loud and clear. Since then, news reports say that many UAE banks are exposed to more than USD 4.2 billion due to suspected fraud at this healthcare provider conglomerate. On March 2, 2020, the Guardian...
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