Contributing to the Global Economy

IFAC's Action Plan for Fighting Corruption and Economic Crime

September 6, 2022

 

Anti-Corruption Strategy Report

IFAC's Action Plan for Fighting Corruption and Economic Crime (Action Plan) provides a framework for how we can enhance the accountancy profession’s role in combating corruption and economic crimes, thereby advancing the UN SDGs. The framework is organized into five overarching pillars and includes over thirty actions, that are meant to evolve over time.

While many of the actions will be conducted by IFAC, it is an action plan for the whole profession. We hope that professional accountancy organizations (PAOs), Network Partners, and individual professional accountants support this Action Plan and continue to engage on how to maximize the profession’s contributions.

 
 

These five pillars are broad enough to provide a consistent framework for actions to support the plan as it evolves over time. The boundaries between the different pillars are not meant to be clear cut. Our support for the IESBA Code, for example, is relevant to each pillar—reflecting its central importance to accountancy as a global and trusted profession. 

The pillars are founded on the need for a whole-ecosystem approach, with the global accountancy profession as a core part and contributor to that ecosystem. Other key actors include political leaders, government agencies, civil servants, business leaders, add company management and those charged with governance, global policymakers, law enforcement, other regulated professionals (such as lawyers), and individual citizens and taxpayers. These actors all must work together in an increasingly global—yet still largely domestic—policy framework of treaties, legislation, and regulations.

 
 

Learn more about the anti-corruption ecosystem here

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