Corruption manifests itself in countries around the globe and many cases of corruption are government related. This
Question:
Corruption manifests itself in countries around the globe and many cases of corruption are government related. This is because government officials are bribed to allocate tenders to certain companies, or they allocate tenders to relatives and friends. Further, corruption has a trickledown effect whereby it influences the ways in which companies operate in the private sector. It therefore could be argued that the failure of a state to deal with corruption in the public sector, has a direct impact on the operations of businesses in the private sector.
Task: Select a case study of your choice and identify a corruption scandal that made the headlines in recent months (or during the past year).
Write a report on this case, in which you:
• Critically examine how this scandal could have been avoided if proper corporate governance measures were in place. (15 marks)
• Critically assess the control measures not adhered to and how that contributed to the incident. (15 marks)
• Make recommendations on measures to create a common set of values within the organisational business ethics framework, to avoid incidents like this in the future. (10 marks)
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel