Several definitions of corruption and fraud exist. In this guide, we use the definitions provided in “Managing the Business Risk of Fraud: A Practical Guide”. Published by the Institute of Internal Auditors, the American Institute of Certified Public Accountants and Association of Certified Fraud Examiners.
Corruption is operationally defined as the misuse of entrusted power for private gain. The defence sector is subject to substantial corruption and fraud risks. Transparency International estimates that at least USD 20 billion is lost to corruption in the sector every year.
This guide recommends ways in which the defence sector management and the internal auditors can fight real estate corruption and fraud. The framework outlined in this guide can be summarised in a process model. The report is available in it’s full version at 8555-DSS-GGG-5-eng-skjerm
Read the report in Ukrainian at 8555-DSS-GGG-5-ukr-skjerm