Fraud Prevention and Detection

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9

Bribery and Corruption

INTRODUCTION

This chapter focuses on corruption and on how it can be prevented

and detected.

The term “corruption” itself is a linguistic derivative of the Latin

word “corrumpere,” which translates to “break,” “mar,” or “seduce.”

*

The

Merriam- Webster Dictionary denes corruption as “impairment of integ-

rity, virtue, or moral principle…inducement to wrong by improper or

unlawful means (as bribery).”

†

Earlier in this book, we looked at procurement contracts—an area of

business that is among those at highest risk for corruption—and ways in

which procurement processes can be corrupted. In the context of business

decisions ...