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The International Federation of Accountants (IFAC) has unveiled its action plan to “enhance” the accounting profession’s contribution to an anti-corruption ecosystem, encompassing a diverse array of participants and policies.
It is reported that ‘The Action Plan for Fighting Corruption and Economic Crime’ sets out more than 30 specific actions for IFAC and the accountancy profession related to education, evidence-based policy, global standards, partnership, and thought leadership.
According to IFAC, the action plan also embodies an enhanced commitment by the accountancy profession to fighting corruption, as well as economic crime more broadly by harnessing the profession’s reach across public practice, business, and the public sector.
The action plan was reportedly developed with extensive engagement across IFAC’s 180 member organisations, as well as its advisory groups, network partners, and other key global organisations.
Taking inspiration from the International Bar Association’s (IBA) Anti-Corruption Strategy for the Legal Profession, the action plan was developed in close coordination with the IBA, with whom it will continue to coordinate to “help bring increased energy to this important work”.
Kevin Dancey, CEO of IFAC, said: “Corruption and related economic crimes, such as money laundering, bribery, tax evasion and fraud, are significant obstacles to economic growth and human development and, ultimately, to achieving the UN Sustainable Development Goal.
“Our Action Plan illustrates some time tested and some new ways that make it clear that the global accountancy profession is a central ally in the fight. We look forward to working with our member organisations and other partners to make a real difference and drive positive change.”
