Corruption has been a bane on the development of most countries particularly the sub-Saharan region. Recognizing the harmful effect of corruption, in 2012 the country developed a National AntiCorruption Action Program (NACAP) to help minimize the harmful effect of corruption. The NACAP enables collective action and sustained coordination of efforts, as well as the judicious application of resources of stakeholders to combat corruption, to assess the performance of stakeholders, especially government, in the fight against corruption, and mobilize national efforts to ensure the effective control of corruption through prevention, education, and investigation and enforcement. The writer mentions the need for professionals in the country to collaborate to win the fight against corruption and eradicate or minimize the effects of corruption on the developmental effort of the nation

Global Ethics Board Resets Expectations of Professional Accountants Regarding Inducements The International Ethics Standards Board for Accountants (IESBA) today released new enhancements to its global ethics code which address more fully the responsibilities of professional accountants around the offering and accepting of inducements. The revised standard sets out a comprehensive framework that more clearly delineates the boundaries of acceptable inducements, and guides the behavior and actions of professional accountants in business and in public practice in situations involving inducements. “Incentives motivate behavior, and some inducements can be a powerful incentive to unethical behavior,” said IESBA Chairman Dr. Stavros Thomadakis. “This revised standard complements our standard on NOCLAR to offer a full system of ethical defenses that relate both to malfeasance committed by others and to accountants’ own involvement in potentially unethical behaviours.” Central to this framework is a new intent test that prohibits the offering or accepting of inducements where there is actual or perceived intent to improperly influence the behavior of the recipient or of another individual. The framework also: