corruption presentation
TRANSCRIPT
Corruption is defined as the behavior that deviates from formal duties because of
private gains. Corrupt acts are deviations from implicit or explicit behavioural
norms. Corruption in the Commonwealth Caribbean includes,If people found that
the government is corrupt, they lose that election, as well as articles written are too
limited to eliminate corruption, and methodologies that are present are not useful
enough.
Corruption defined as the abuse of public office for private gains shows, no
country is free from corruption (CPI – Corruption Perception Index) *which
measures corruption , provisions are put in place in T&T where public servants are
required to report conflicts and corruption and Mechanisms are put in place to
control and minimize corruption.
Bringing people from away was less corrupt than that of local workers, statistics
proved corruption during the tendering/ pre-qualification stages as being less
prevalent than during project execution. In Transparency International, in the fight
against corruption; 1.Source book (most effective tool in the fight against
corruption), 2.Corruption perception index, 3.Global corruption report, 4.Global
Barometer index are all instruments in ways to measure and show corruption
exists.
Corruption exists everywhere, especially in the lower class. Use of the civil society
and use of information and access to information is also very important, for
reasons such as a guide to doing business in any country. There are an extensive
amount or reasons for corruption. Reasons for corruption include,lack of political
competition, lack of political will, lack of competition from the private sector and
lack of deregulations.Being corrupt is a social norm worldwide.
Democracy at work shows multiple strongholds such as , continued political
power, lack of female representative, failure to change existing rules/structures can
increase the likelihood of inefficiencies, lack of legislation guiding campaign
finance and political parties, change needed to electoral rules, need to strengthen
the freedom of the media and lessen the number of state owned media houses.
Corruption= (monopoly+ discretion) – accountability.
Democracy drift- problems with drugs, gangs etc.
Accountability is the quality or state of being accountable, especially an obligation
or willingness to accept responsibility or to accountfor one's actions.Auditis a
planned and documented activity performed by qualified personnel to determine by
investigation, examination, or evaluation of objective evidence, the adequacy and
compliance with established procedures, or applicable documents, and the
effectiveness of implementation.The term may refer to audits in accounting,
internal controls, quality management, project management, water management,
and energy conservation.
Auditing is defined as a systematic and independent examination of data,
statements, records, operations and performances (financial or otherwise) of an
enterprise for a stated purpose. In any auditing the auditor perceives and recognizes
the propositions before him for examination, collects evidence, evaluates the same
and on this basis formulates his judgment which is communicated through his audit
report.The purpose is then to give an opinion on the adequacy of controls (financial
and otherwise) within an environment they audit, to evaluate and improve the
effectiveness of risk management, control, and governance processes.
Corruption produces social norms thus, corruption is argued may not be bad for a
country. Author argues that corruption has an adverse effect on the country:
persistent poverty, undermines rule of law, and legislation in general, less of
reputation. It is at the corporate and state level. Corruption includes the misuse of
entrusted power for private gain, e.g. T&T- HCU and CLICO, greed and
management argued to be the reasons for the corrupt acts.Problems with
Accountability deals with, lack of training, ambiguity, legislative constraints,
failure to implement international standards challenges.