The International Federation of Accountants (IFAC), the Institute of Chartered Accountants in England and Wales (ICAEW), and the Basel Institute on Governance have urged accountants to lead anti-corruption actions in a joint report, Integrated Mindset in Practice: Professional Accountants in Business and Anti-Corruption Compliance.

The report offers practical guidance and actionable strategies to approach anti-corruption initiatives with an integrated mindset, resulting in long-term value creation.

Promoting an ‘integrated mindset’, the report encourages company leadership to view financial and sustainability data in an interconnected, holistic way. Integrated Mindset in Practice provides guidance for companies—particularly professional accountants working in business—to apply this integrated approach to anti-corruption oversight and programmes.

Advocating for a “whole of business” approach to anti-corruption, the report calls on professional accountancy organisations to encourage their members to fully embrace their role combatting corruption by:

  • Recognising themselves as key anti-corruption stakeholders.
  • Supporting integrated thinking across their organisations.
  • Being champions of Collective Action.

IFAC CEO Lee White said: “The cost of corruption and financial crime are significant obstacles to economic prosperity and fairness in society. This report is a vital resource for professional accountants as business leaders to have an integrated mindset in continuing to respond to corruption and support economic prosperity.”

Basel Institute of Governance private sector division head Vanessa Hans said: “Importantly, this report encourages professional accountants to be champions of Collective Action as part of a “whole of business” approach to anti-corruption. Anti-corruption Collective Action brings business and stakeholders together to tackle the shared problem of corruptions. Accountants can play a crucial role in these efforts, driving initiatives that bring real change.”

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Additionally, ICAEW CEO Alan Vallance said: “Professional accountants are uniquely positioned to influence and implement an integrated mindset within organisations. With these tools and insights, they will be able to embed anti-corruption measures into their organisations’ broader ESG framework, ensuring that integrity and transparency remain at the forefront of business practices.”