A new joint report from the International Federation of Accountants, ICAEW and Basel Institute outlines an approach to anti-corruption initiatives by utilising an integrated mindset across business functions.

The report encourages leadership to view financial and sustainability data in an interconnected, holistic way – in this case, applied to anti-corruption oversight and programmes. It highlights the role of governance in environmental, social, and governance, and a commitment to an ethical culture of integrity.

The publication highlights red flags for accountants during risk assessments and calls on accounting professionals to embrace their role in tackling corruption by recognising themselves as key anti-corruption stakeholders and supporting integrated thinking across their organisations.

Professional accountants are uniquely positioned to influence and implement an integrated mindset within organisations, said Alan Vallance, Chief Executive of ICAEW: “With these tools and insights, they will be able to embed anti-corruption measures into their organisations’ broader ESG framework, ensuring that integrity and transparency remain at the forefront of business practices.”

Lee White, IFAC CEO, added: “The cost of corruption and financial crime are significant obstacles to economic prosperity and fairness in society. This report is a vital resource for professional accountants as business leaders to have an integrated mindset in continuing to respond to corruption and support economic prosperity.”

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