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.
June 16, 2022Mike J. MasoudCorruption has spread like wildfire over numerous countries around the world. One of the most fundamental causes underlying it is the public official’s exploitation of his position for illicit gain through business and non-commercial relationships based on conflict of interests that are not publicly acknowledged and,...
May 26, 2022Technical StaffOn September 18, 2015, Volkswagen Group, Europe’s largest automaker, acknowledged to using unlawful software to cheat U.S. diesel emissions testing, causing the worst business crisis in the company’s 80-year history. By September 2017, the total bill for its emissions-test cheating scandal was estimated to be around $30...
“Engaging University Students to Prevent Corruption”April 28, 2022Mike J. MasoudUniversities are social institutions with a critical role to play in the battle against corruption. Most colleges, however, do not include their students in the battle against corruption. Furthermore, most colleges do not offer anti-corruption courses to their students. Even when...
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