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The number of accountants in the workforce correlates with a country’s ranking in Transparency International corruption perception index

A larger number of professional accountants in the workforce correlates to a better ranking in Transparency International corruption perception index, according to a study by the International Federation of Accountants (IFAC).

This correlation is up to three times stronger in G20, according to the study called The Accountancy Profession—Playing a Positive Role in Tackling Corruption.

IFAC CEO Fayez Choudhury said: “The accountancy profession is a crucial part of strong national governance architectures that confront corruption, in partnership with good government and strong businesses. And vitally, the study shows professional ethics, education, and oversight – at the core of the global accountancy profession – are key to the profession’s positive impact in tackling corruption.”

The IFAC study can be accessed here.

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