18 Jun 2013 09:00
WINDHOEK, 18 JUN (NAMPA) - Auditing to detect corruption is not an easy task, and is often doomed to failure if auditors do not receive in-depth preparation.
This was said by Auditor-General Junias Kandjeke on Tuesday during the official opening of the seventh meeting of the International Organisation of Supreme Audit Institutions? (INTOSAI) Working Group on the Fight against Corruption and Money-laundering here.
The two-day meeting, which is being attended by a group of experts in the anti-corruption and money-laundering field, is aimed at sharing experiences and coming up with specific guidelines in fighting corruption and money-laundering.
The experts are also expected to set up preventative measures against corruption, as well as asset recovery initiatives and guidelines.
Kandjeke said perpetrators of corruption tend to be intelligent, and know how to cover the evidence of their acts.
?This is why it is so difficult to identify and interpret signs and clues that may point to corruption,? he noted.
Audits can be successful only if auditors understand the nature of corruption, recognise circumstances suggestive of corruption, and know how to proceed if clues are identified.
?The possibility of corruption must always be kept in the back of the auditor's mind, even if deviations from standard procedures are only minor. It is then important to validate those clues step-by-step, or to discard suspicions as soon as they are cleared,? he stated.
Corruption and money-laundering have no borders, and the impact of corruption and money-laundering affects both rich and poor nations.
It is important to have prevention measures against corruption, and also to have asset recovery initiatives or guidelines, he added.
?Supreme Audit Institutions will always face challenges on fighting corruption and money-laundering, hence the need for teamwork that involves the relevant stakeholders, especially those who are mandated to fight corruption, money-laundering, fraud and other economic crimes,? he said.
The meeting is being attended by participants from countries such as Germany, Lesotho, Egypt, Poland, Russia, Iraq, Iran, the United Arab Emirates, Mexico and Namibia.
The working group is being chaired by Egypt's Hesham Genena, and the meeting ends on Wednesday.