The Corruption in an Economic-Accounting Approach and Aid’s Audit as Tool for Restraint

Abstract

There have been countless news and reports about corruption cases in the last two decades and, consequently, the studies on this subject increased considerably. Though, the most part of corruption cases has been related to the public sector, it is a phenomenon that does not exempt the private sector and non-governmental organizations. The relevance and contemporaneousness of this issue occur due to the reflections in the most different society sections once it is harmful to a nation, hampering its progress. This study, through a literature review, analyzes the issue “corruption”. For that, initially, it is presented some inter-relationship between accounting and economic sciences, and then an analysis of corruption in these two approaches. Some world-wide efforts and projects prepared with the objective of repressing corruption have been highlighted. Finally, it is emphasized the superior role of Auditing as a useful tool in combating corruption. The Sarbanes-Oxley Act and the systems development are examples of the efforts of Auditing to be better prepared to serve these new demands. In the present study, it was concluded that a thorough auditing with sophisticated organizational observers, and not just traditional accounting auditors, is an effective and necessary tool to aid the combat of the above-mentioned phenomenon