Our costly complacency on corruption

By Stephen Bartos
Updated April 18 2018 - 10:52pm, first published March 5 2013 - 3:00am

The Australian Society of CPAs held its international public sector conference late last month. Discussions ranged widely among Australian and numerous overseas delegates. Most of the latter were from the Pacific or South-East Asia. Corruption was a topic of interest, possibly because a number of auditors were there. Audit is a powerful institution against corruption, especially fraud - but only one of what should be a suite of different mechanisms. Most jurisdictions, including the states and other countries in our region, have a better anti-corruption framework than does our federal government. It led to comments from several delegates about why the federal government seemed so complacent.

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