A new study, “The Accountancy Profession — Playing a Positive Role in Tackling Corruption” from the International Federation of Accountants (IFAC), shows professional accountants are playing a major, positive role in reducing corruption, along with other key actors in the global economy that support strong governance structures.
Among the key findings, the study which was conducted by the Centre for Economics and Business Research has revealed that a higher percentage of accountants in the workforce strongly correlates to better outcomes in Transparency International’s Global Corruption Perceptions Index.
The study has also confirmed that the accountancy profession is a crucial part of strong national governance architectures that confront corruption, in partnership with good government and strong businesses. The study also showed that professional ethics, education and oversight – at the core of the global accountancy profession – are key to a positive impact in tackling corruption.
The study builds on two earlier reports: Nexus 1: The Accountancy Profession, Behind the Numbers and Nexus 2: The Accountancy Profession, A Global Value Add, that examine both the size of the global profession and its economic contribution to the global economy.
Source: IFAC, 23 February 2017