These are the official opinions of The American Anti-Corruption Institute (AACI). Our vision, mission, and code of ethics provide the guidelines for our views.
August 14, 2022Mike J. MasoudIt is not uncommon to read about or hear misconceptions about accountability. For example, one should be careful to distinguish between accountability and responsibility. Many decision-makers and policy-makers have a clear understanding of what accountability is, while many others do not. Therefore, I discuss the accountability...
It is impossible to recognize something you do not know or have been trained to recognize correctly. However, the nature, amount, and scope of anti-corruption knowledge and abilities required by decision makers vary. For example, the CFO’s anti-corruption knowledge exceeds what a board member requires to fulfill his duty of care. Unfortunately, many decision-makers are unaware of two important corruption-related challenges. First and foremost,
Mike MasoudJuly 19, 2022 On September 15, 2021, I published on this official blog of The American Anti-Corruption Institute (AACI) a post entitled “Theranos Blood Testing Fraud: From 9 billion USD to 0 USD.” Theranos blood testing fraud is the biggest health care fraud in history. Due to its significance,...
Technical StaffJuly 16, 2022On April 12, 2022, Sri Lanka defaulted on its international debt obligations for the first time in its post-independence history. But it did not take a long time for the government to fall. On July 13, 2022, Sri Lankan president Gotabaya Rajapaksa fled the country 1. President...
the purpose and effectiveness of internal control are being put to the test “like never before” by a slew of external pressures.
50% of respondents said that a lack of appropriately skilled staff is a challenge.
41% said technological advances are compromising existing internal controls.
32% said a lack of executive emphasis on internal controls was also impacting the management of internal control.
Technical StaffJune 30, 2022On June 28, 2022, the Securities and Exchange Commission charged Ernst & Young LLP (EY) with cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, as well as withholding evidence of this misconduct from the SEC’s Enforcement Division during...
Technical StaffJune 25, 2022In an organizational context, corruption is a business risk. Therefore, business leaders should manage such a risk to an acceptable low level and include it in the organization’s risk management strategy. Employee involvement in combating fraud and corruption is critical for deterring, preventing, and discovering it. However,...
Together, Empowering Tone at the Top
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