IFAC has signed a joint statement deploring corruption alongside professional accountancy organizations and the legal fraternity in the United Kingdom, ahead of the Anti-Corruption Summit London 2016.
Welcoming the joint statement, IFAC President Olivia F. Kirtley said: “Defeating corruption—and thus immeasurably improving the lives of citizens—can only be achieved through re-energized collaboration between, and commitment of, leaders from both the public and private sectors.
“Both sectors require transparent, consistent and robust anti-corruption measures, and effective internal controls that are critical to good governance and holding officials accountable. A greater focus on strong governance and compliance structures will help cultivate self-reporting cultures that empower individuals to do the right thing,” she said.
In March, Ms. Kirtley addressed the OECD Anti-Bribery Ministerial Meeting on behalf of the global accountancy profession. At the meeting, she highlighted the importance of greater international collaboration on whistle-blower protection laws, and the role strong organizational governance plays in identifying, preventing and addressing corruption.
“Success in the fight against corruption can only be achieved when everyone plays their part: governments and regulators ensuring that safe harbors and whistle-blowing protections are provided, and other professions ensuring that their members embrace the challenge.
“Today’s joint statement highlights the vital role professional accountants and lawyers play in fighting corruption and our deep commitment to combatting it by continuing to work with governments, regulators, law enforcement agencies, and other international organizations,” she said.
Full press release
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