• Register
Return to: Home > News > IFAC and IBA sign anti-corruption mandate

IFAC and IBA sign anti-corruption mandate

The International Federation of Accountants (IFAC) and the International Bar Association (IBA) have signed an Anti-Corruption Mandate.

Collaboration on the Mandate is a joint effort of the two organisations to help fight corruption, bribery, tax evasion, money laundering, and the financing of international terrorism.

It comes ahead of a gathering of the G20 finance ministers and central bank governors in Buenos Aires, Argentina, later this year to highlight the role of business and government in safeguarding a transparent future.

IFAC CEO Fayezul Choudhury said: “Grounded in a strong ethical code, professional accountants across the globe play a critical role in the fight against corruption, bringing essential transparency, relevance and integrity to the systems that underpin vibrant economies.

“We are proud to partner with the IBA to highlight and advance the role of our global professions in serving the public interest now and in the future.”

According to the International Monetary Fund, Bribery costs the global economy almost $2tn, which is approximately 2% of global GDP.  The IBA said the presence of professional accountancy organisations ‘advance the adoption of ethical, educational, investigation and discipline requirements that are central to the profession’.

Research conducted by IFAC has shown there is a link between the percentage of professional accountants in the workforce and higher scores on the main global measure of corruption.

IBA executive director Mark Ellis said: “Corruption is a significant impediment to economic stability and development, tarnishing public trust in institutions and inhibiting citizens’ access to opportunities and prosperity.

“The IBA cross-sector collaboration aims to reinforce the role and responsibility of international professions to tackle corruption.”

Top Content

    Accountancy Europe: the winner takes it all

    Jonathan Minter spoke to Olivier Boutellis-Taft, chief executive officer at Accountancy Europe, about how technology could change the industry, and how training needs to keep up to enable the profession to develop

    read more

    Embracing global technology trends

    Accountancy Europe’s Digital Day 2018 found the European accounting profession looking to tackle the challenges presented by new technologies head on. Jonathan Minter reports from the day

    read more

    IMA Conference: automation of the audit

    At the annual conference of the Institute of Management Accountants (IMA) in Indianapolis, Deloitte partner Alex Smith gave a presentation on digital transformation in the profession. Joe Pickard spoke to Smith following the presentation to find out more about his views on the future of audit

    read more

    IMA Conference: technology and the human effect

    The annual conference of the Institute of Management Accountants (IMA) took place in Indianapolis this year. Members of the profession gathered to hear the latest from the institute and other market players, covering some of the challenges and opportunities the profession faces.

    read more

    The Caribbean: a digital paradise

    The ICAC hosted its 36th annual conference in June this year – very much looking to the future following a tough 2017 for the Caribbean. Jonathan Minter spoke with chief executive officer Misha Lobban Clarke

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.