Tag: combat fraud

With governments around the world spending massive sums to fight the COVID-19 pandemic, Supreme Audit Institutions (SAIs) have a key role to play in detecting and preventing fraud. To share knowledge and best practices, the U.S. Government Accountability Office (GAO) held an international webinar on September 15, 2021, on “Auditing for Fraud: Experiences, Tools and Techniques, and Looking Ahead.” The virtual event, which attracted approximately 260 attendees, was…

The Supreme Audit Institution (SAI) of Peru is implementing initiatives to digitally transform and technologically innovate how it prevents and detects risks of corruption and functional misconduct. Cross-referencing massive online information with…

To better administer public resources and fight corruption, the Office of the Comptroller General of Ecuador—the country’s Supreme Audit Institution (SAI)—is working to develop an anonymous hotline through which employees and members of the public can securely…

Combating fraudsters has long been a persistent challenge for governmental entities. While there are no precise figures, fraudulent activities drain billions of taxpayer dollars each year from vital programs. In today’s digitally-connected, information-driven world…

The International Organization of Supreme Audit Institutions (INTOSAI) Secretary General hosted two high-level meetings in February aimed at guiding the future of the INTOSAI community…

For the first time, the Office of the Comptroller General of the Republic of Peru, Peru’s Supreme Audit Institution (SAI), will carry out Anticorruption Mega Operation Control (AMOC) in prioritized areas as part of the SAI’s territorial approach in preventing, investigating, detecting and addressing acts of corruption and functional misconduct. This new anti-corruption strategy, implemented in March 2020, consists of…

The President of the Accountability State Authority (ASA) headed a delegation participating in December 2019 events hosted by the United Arab Emirates State Audit Institution…

The National Assembly of the Socialist Republic of Vietnam officially approved a new State Audit Law in November 2019 aimed to enhance State Audit Office of Vietnam (SAV) effectiveness, efficiency and capacity.
Specifically, the new law…

Information Technology (IT) is advancing at a breakneck pace, and Supreme Audit Institutions (SAIs) must incorporate IT into new anticorruption strategies as to not be outdated by the systematic infiltration of corruption…

As Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) President, the Supreme Audit Institution (SAI) of Peru, hosted the first-ever Regional High-Level Forum of SAIs (FRAN) on December 4, 2019, in Lima. The inaugural forum…

Numerous delegates representing OLACEFS contributed to the 2019 Annual International Conference for Integrity (CAII), an event hosted by SAI Peru. In his opening address, Nelson Shack Yalta, OLACEFS President…

At the LXIX Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) Governing Board meeting, the “Specialized Working Group on Fighting Against Transnational Corruption” was approved and created. The Office of the Comptroller General of the State of the Republic of Ecuador was elected to chair the working group, which is…

Dr. Harib Saeed Al-Amimi, President of the United Arab Emirates (UAE) Supreme Audit Institution (SAI) and Chairman of the International Organization of Supreme Audit Institutions (INTOSAI), headed the UAE delegation at the 6th Global Audit Leadership Forum (GALF). During the two-day event…

Research suggests a principal cause of fraud to be a weak, limited internal control system.An internal control system aims to (1) comply with legal, technical and administrative order; (2) promote an entity’s efficiency and effectiveness; (3) guarantee information reliability and timeliness; and…

Corruption and money laundering demoralize human development, international security and national economies. According to the World Bank and International Monetary Fund (IMF), corruption is the greatest hurdle to lifting millions of people from destitution. Money laundering invigorates corruption, as it does all profit-driven delinquencies. Corruption and money laundering are mutualistic…

Last year, a law was enacted to strengthen Peru’s Supreme Audit Institution (SAI) and National Control System (NCS), marking a historic milestone in the fight against corruption in the Peruvian State. Since then, SAI Peru has…

Preventing fraud and corruption are major challenges facing governments, particularly those of developing countries. Government inability to establish effective internal audit and financial control systems and adequately establish or resource organizations charged with identifying fraud and corruption are just some causes of fraudulent and corrupt behavior. While no system exists to entirely avert fraud and corruption…

Corruption and financial fraud are very challenging issues within the banking system that can inflict irreparable harm to a nation’s development and growth. The potential widespread and destructive effects can reduce social capital and increase poverty, social injustice and class divisions. The banking system will continue to face these issues far into the future until successful counteraction initiatives are implemented…

The United Arab Emirates (UAE) Supreme Audit Institution (SAI) hosted the first Asian Organization of Supreme Audit Institutions (ASOSAI) meeting on using big data analysis in reviewing national Sustainable Development Goal (SDG) implementation. The event was held at SAI UAE headquarters in Abu Dhabi and included delegates from…

In September 2015, nearly all United Nations (UN) member countries committed to the 17 Sustainable Development Goals (SDGs)—global goals created to steer policy making and development funding until 2030. Each goal is comprised of targets, and each target is further refined through one or two indicators designed to measure progress. Though global targets and indicators have been established for each goal…

The Office of the Comptroller General of the Republic of Peru, Peru’s Supreme Audit Institution (SAI) hosted the 2018 Annual International Integrity Conference (CAII) in Lima in December. The conference…

New resources are now available that Supreme Audit Institutions (SAIs) may find helpful when conducting audits using the extractive industries value chain, which describes the development process from discovery through extraction to lasting value creation for society. An important step in the value chain process is awarding contracts and licenses…