New public sector contract rules to crack down on corruption
Global leaders from civil society, business and government met at a major conference in London last week in advance of the Global Summits. There is a united determination to drive out corruption across the globe; in the Commonwealth alone, there are 2.2bn people in 53 countries in five regions. With the promise of an Office of Civil and Criminal Public Reform and a Commonwealth Validation of Standards for Procurement having been made by Baroness Scotland, there is an exciting sea-change to make progress through good governance to transform the way the international community fights poverty.
Moore Stephens operates in the vast majority of these locations, conducting investigations and audits to reduce fraud, corruption and bribery to an absolute minimum. We are working closely with key players to drive out the culture of corruption, wherever it exists and, at present, we are working with a number of partners to develop tools to truly understand the types of risks and controls required to mitigate them. An exciting time ahead and a clear strategic approach to reduce corruption in which we all must play a part.