The AACI Opens Public Consultation for Its Standard on Fighting Corruption (SFC).
(Tempe, Arizona, May 16, 2023)
Today, The American Anti-Corruption Institute (AACI) publishes the following Standards on Fighting Corruption:
Standard on Fighting Corruption 200: Competence
This Standard on Fighting Corruption (SFC) deals with the competence of those charged with governance in meeting their duties and responsibilities to achieve their goals. It also deals with the competence of decision makers and employees in all economic sectors.
The Standards on Fighting Corruption (SFCs) guide those charged with governance, executive management, and other decision makers to implement the Ten Principles of Fighting Corruption promulgated by The AACI effectively and efficiently. They also:
- Promote consistent practice and behavior and facilitate effective responses to identified corruption risks.
- Help management and other stakeholders to assess and evaluate the entity’s commitment to fighting fraud and corruption, and
- Support international efforts in lowering corruption risks to acceptable low levels.
The effective fight against corruption supports the functioning dynamics of capital markets, sustainable economic performance, financial stability, and regulation. Despite the efforts of numerous governments to combat corruption, the widespread exasperation stemming from persistent corruption and money laundering underscores the importance of adhering to the Ten Principles of Fighting Corruption measures and their supporting SFCs.
The American Anti-Corruption Institute (AACI) invites the public and stakeholders to comment on the proposed SFC via its official blog. Comments are requested by June 30, 2023.
Feedback and Comments
The American Anti-Corruption Institute (AACI) welcomes the public and stakeholders’ feedback and comments on Standard on Fighting Corruption 200: Competence.
However, by providing your feedback, you agree that The AACI has the right to use or disregard any or all of your comments as it sees fit. Furthermore, The AACI may choose to respond to your feedback or not respond. It’s important to understand that providing feedback does not establish any legal liability between you and The AACI. As a result, you do not have any copyrights for your comments. When The AACI uses your feedback or part of it in any way, The AACI shall not cite it as it becomes copyrighted to The American Anti-Corruption Institute (AACI)
If you have any questions or concerns about providing feedback, please don’t hesitate to contact The AACI at firstname.lastname@example.org. Thank you for being interested in supporting us in fighting corruption.
The American Anti-Corruption Institute (AACI)
480-838-1728 | email@example.com
P.O. Box 27346 Tempe, AZ 85285
About The American Anti-Corruption Institute (AACI)
The American Anti-Corruption Institute (AACI) is the only Institute that targets executive management and those charged with governance of any organization to equip its decision makers with the required knowledge and skills, enabling them to play a proactive role in preventing fraud and corruption. It achieves this objective through three premier certification programs — the Certified Anti-Corruption Manager (CACM) management credential. Second, the Certified Anti-Corruption Fellow (CACF) and the Certified Anti-Corruption Entity (CACE).
The fight against corruption, according to the scientific definition in this context, encompasses all efforts in prevention, deterrence, detection, and investigation. But we at The AACI believe that prevention is always better than cure. Therefore, we design and implement our specific and related learning programs to enhance decision-makers knowledge and professional skills to upgrade their financial intelligence and improve the quality of decisions to prevent and detect corruption in its early stages. Based on the above, The AACI empowers decision makers to avoid dishonesty by equipping them with basic principles and skills in internal control, governance, fraud and corruption, money laundering, financial statements fraud, effective decisions, and corruption prevention policy.