NFPOs and their anti-corruption disclosure practices

Abstract

Major Australian overseas aid not-for-profit organizations (NFPOs) were found lacking in their disclosures of anti-corruption measures. The authors conclude that this is due to a break down in regulatory oversight as a result of a lack of mandatory reporting standards. The key lesson from this paper is that there is a need for significant improvement in anti-corruption regulations, and the associated disclosure practices within the NFPO sector.

Keywords:

• Accountability
• corruption, fraud
• governance
• not-for-profit organizations

Notes

* A ‘peak body’ is an Australian term for an advocacy group or trade association established for the purposes of developing standards and processes, or to act on behalf of all members when lobbying government or promoting the interests of the members (Fitzgerald, 2006).

Additional information

Notes on contributors

Muhammad Azizul Islam

Muhammad Azizul Islam is an Associate Professor at the School of Accountancy, Queensland University of Technology, Australia.

Shamima Haque

Shamima Haque is a Lecturer at the School of Accountancy at Queensland University of Technology, Australia.

David Gilchrist

David Gilchrist is a Professor in the Accounting and Finance Discipline, UWA Business School, University of Western Australia, Australia.