New Report from IFAC, ICAEW, and Basel Institute on Governance
The International Federation of Accountants (IFAC), the Institute of Chartered Accountants in England and Wales (ICAEW), and the Basel Institute on Governance have published a new, joint report, Integrated Mindset in Practice: Professional Accountants in Business and Anti-Corruption Compliance, available at:
It urges accountants in business to continue to lead anti-corruption actions, and offers practical guidance and actionable strategies to approach anti-corruption initiatives with an integrated mindset, and apply them, resulting in long-term value creation.
The approach of an ‘integrated mindset’ encourages company leadership to view financial and sustainability data in an interconnected, holistic way. The report underscores the crucial role of governance in environmental, social, and governance, emphasising a commitment to an ethical culture of integrity, and highlighting red flags for the accountants during their risk assessments.