IIA-Australia White Paper - Conflicts of Interest in the Award of Contracts

IIA-Australia White Paper - Conflicts of Interest in the Award of Contracts

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Author

Barry Davidow BCom, BAcc, MTaxLaw, ACA, CFE, CRMA, PFIIA, Advanced Diploma of Government (Management), Diplomas in Risk Management and Business Continuity, Government (Fraud Control), Government (Investigation) and International Financial Management.

Matthew Lyon B.Comm, CPA, MIAA

Date

 2022

Topics Explored

Governance, Corruption, Conflicts of Interest

Format

White Paper

Extract/Description

Following the framework in this White Paper will reduce the risks of corruption associated with conflicts of interest in the award of contracts and increase accountability, transparency, fair and equitable treatment, value-for money, and good corporate governance.

Key Points

  1. Conflicts of interest in the award of contracts have been associated with corruption and improper conduct in probably every jurisdiction.
  2. A framework to manage conflicts is described.
  3. The framework should be applied to all people with a role that could allow them to influence the awarding of the contract, or reasonably be perceived as being able to influence the award.
  4. Failure to fully and clearly disclose interests should be notified promptly to relevant areas in the organisation.

Relevant Industries

All

Level of Assumed Knowledge

Expert