Accounting and the global fight against corruption

The Effect of Perceived Corruption on Entrepreneurial Intention: Evidence from Italy

“…According to Everett et al (2007), the main entrepreneurial inhibitor is the perception of corruption. We currently live amidst a "corruption eruption" (Glynn et al, 1997;Everett et al, 2007); several authors claim that this is a moment of crisis that could have many pernicious consequences (Fjeldstad & Tungodden, 2003) such as loss of government revenue (Stapenhurst & Sedigh, 1999;Fjeldstad & Tungodden, 2003;Everett et al, 2007), costs for businesses that engage in corruption and missed opportunities for those that do not (Caiden et al, 2001).…”

“…We currently live amidst a "corruption eruption" (Glynn et al, 1997;Everett et al, 2007); several authors claim that this is a moment of crisis that could have many pernicious consequences (Fjeldstad & Tungodden, 2003) such as loss of government revenue (Stapenhurst & Sedigh, 1999;Fjeldstad & Tungodden, 2003;Everett et al, 2007), costs for businesses that engage in corruption and missed opportunities for those that do not (Caiden et al, 2001). Corruption represents a distortion in standards of merit that reduce the respect for law, resulting in higher investment for public sector and firms, and a lower quality of services (Hamir, 1999;Everett et al 2007). This definition was used also by , which stated that corruption is an informal institution negatively associated with economic variables such as gross domestic product per capita (GDP) (Kaufman and Kraay, 2006;Quazi et al, 2014), income equality (Carmignani, 2005) and total factor productivity (Lambsdorff, 2003).…”

The Role of Accounting Reform in Deterring Corruption Practices in the Public Sector: A Case Study in Kurdistan Region

“…Everett et al conducted a study, examining the role of accounting in the global fight against corruption [34]. They state that accounting and auditing systems have an important role in any organisation.…”

“…Audit is a monitoring system, which provides neutral and professional opinions about the financial statements. Further, they state that, Accounting serves a dual role: Financial statements provide information about economic transactions, and the auditing profession serves as a monitoring mechanism to check on the accuracy of this information Accounting as an information system, and auditing as a monitoring or check on the accuracy of the accounting information system, provide an enormous potential for establishing accountability and detection of corrupt activities [34].…”

Varieties of corruption control: introduction to special issue

“…It has become acutely aware of the fact that while central IOs like the European Union [57] and the World Bank [58] pay attention to the corruption problem these organizations have themselves been deeply involved in corruption. Nonetheless, important knowledge resources for the anti-corruption industry are provided by its main constituents among selected IOs including the World Bank and the United Nations, INGOs such as Transparency international, business associations like the International Chamber of Commerce, world and regional consultancies such as the Big Four, investigative journalists from traditional and new media, and other professionals including legal specialist and accountants [16]. But also scholars from a wide range of disciplines who have been investigating the mechanisms and contexts of corruption for quite some time have contributed with their knowledge about corruption and how it might be controlled.…”